Dan Grove
Looking for education on setting up the business
Hello BP friends,I am currently building a core 4 team as gudied by the David Greene long distance real estate book. I have money ready in my personal account and have an itchy trigger finger to buy my first place an...
Kelly Dorethy
Business Structure - LLC
HI everyone!
I am writing to ask how you chose your business structure for taxable events and passthroughs? Specifically, is there any good reference material you could point me to....?
Kayl Kam
LLC, CPA, depreciation, tax write off - Rookie turning residential into rental
Hi all,I am planning to turn the current residential property (SFH, 4b/3.5b) into a rental since I am relocating to another state. I put 5% down 2 years ago (conventional loan with PMI), fixed interest rate of 2.875%,...
Nate Pucel
Buy, rehab, rent accounting questions
So I'm wondering if I maybe messed up when it comes to accounting and taxes while rehabbing a house to rent. The rehab has taken forever- 3 years. But, it's finally done. However, I'm worried that I didn't think a...
Viktor Singh
Why business account for rentals ?
Hello, I am new investor and have a rental. I was advised to open a business checking account for my rental. My question is why do a business account ? Why not an everyday account ? From brief research, i see business...
Daniel Mrestani
LLC v. Personal Name & Bank Account for Rent Collection?
I think this is the right place...
Getting some of my ducks in a row to dive in.
I know an LLC cannot get a loan on property through a bank. But curious on once I start collecting rent (yes, getting a bit ahead of ...
William Jett Turnipseed
Hello, Just starting out.
Hello,
I am just starting out. Working on my first rental property. Have to make some repairs. I am also interested in purchasing another property that is ready to go with minimal repairs needed to start getting some...
Kevin Leslie
LLC Question for asset protection.
The wife and I have been looking to get into rentals for some time now, section 8, to be specific. I own a few online businesses and in negotiations to purchase another local physical business within the next month or...
Binita Mehta
Company to manage own properties?
Hi. Has anyone established a company (llc or other) to manage your own properties? Does it help from a tax perspective? Pros/cons etc.?Thanks.
Mitch Price
To Go Section 8 or Not
Hello, Im debating on going Section 8 or not. I have a duplex that I am the owner occupant of currently. One side is rented out just fine, but Im thinking about putting the other side on Section 8. Ive been investing ...