I am just starting out and I am in an owner-occupied duplex. I am curious to see what people use to document their expenses. especially if you only own a couple units and don't use a property management company. I wan...

Hello BP!I'm a little behind the curve on this, but my Enrolled Agent suggested that I rent my personal home office to my LLC. This way, similar to when I used to rent out extra bedrooms, I can write off a portion of ...

Hi everyone,I'm not sure in which category to post this question, but I'm about to create an LLC with a friend for real estate investing and am debating whether we should elect to be taxed as an S-corp or not. I've be...

 I live in california and have been speaking to my CPA about creating an LLC for purchasing property. He advised against in for properties in california because of the associated costs/tax with little extra benefit. I...

Hello,Does anyone have an accountant they can recommend?  Someone based in the Chicago area or northern suburbs would be nice but not necessary.Thank you in advance.

The popular buzzword seems to be the “Cashflow” these days. Cashflow this and Cashflow that…Don’t get me wrong here! I LOVE Cashflow and I fight for it everyday with all of my investments. And if you are a fan of cash...

When putting together our first multifamily deal, we built in a cash reserve to be used over a five-year hold for such things like capital improvements and unit upgrades. We don't anticipate using all this money in ye...

Just blowing off steam here, I opened an i401k with SunWest Trust. I thought it might be difficult. However, very simple and easy to work with.

Then I thought the easy part would be to open a savings account at my ...

@Scott Weaner Asked me to post about Wave Accounting and how I set it up for real estate.  Whether it's set up for real estate or not (they have that option when they ask what sort of business it is), they have a numb...

I am looking at using RentRedi and want to know how others' experiences have been. I do not have a large portfolio and am doing fine managing right now. I am looking to prepare to scale up and do not want to have to b...