Nicholas P.
Two Questions (Mileage Related)
1) Can anyone recommend an accountant in Des Moines area that they use and specialize in real estate?2) Regarding mileage. Lets say I'm going to Ankeny for dinner, its about 30 miles round trip for me. If I look up a ...
Nathan J.
LLC in Philadelphia PA
Hi there, I am sure this is old hat to many of you. Would love to understand important points in setting up an LLC in Philly. My goal is purely to protect my personal assets from lawsuits that may occur with rental pr...
Bryan Hancock
Audited Financial Statements - Cost As a Function Of X
For the tax wizards on the forum...For the moment suspend any sense of rationality and assume that there is a gov-mint mandate on startups that require them to do audited financial statements. They really don't have ...
Dennis Tierney
Cost Segregation Depreciation Uses
We came up with a couple of uses for accelerated depreciation by cost segregation. We had a failed attempt at 1031 exchange last year but were able to eventually buy an apartment building so the losses generated by th...
Jim West
Sole proprietor wants to put more in IRAs
Hi all,Just found this site and am very anxious to explore all it has to offer. I have a quick tax/IRA question. My wife and I own a 4 unit building that we reside in. We are both also self-employed in separate busine...
George P.
Quicken Rental Property Manager
Does anybody use the above mentioned software? I like to have things organized (1 rental). I am not debating on the cost, rather on efficiency?
http://quicken.intuit.com/personal-finance-software/rental-property-mana...
David Asche
Newbie house hack advice
Hi, I have a unique situation and would appreciate some advice. I have been renting a house in Idaho for the last two years with an option to buy house for 151k at anytime within the next three years. My realtor think...
Simon Asraf
How to Structure LLCs
Hello BP Community!
We have recently acquired a six unit apartment building in Memphis, which is our largest acquisition to date (we also have four SFRs). I want to know the best way to protect my assets. I keep gett...
Rid Shah
Should I claim depreciation on rental property that I passively manage
I own a rental condo that I used to previously occupy. My income from rental property is largely offset due to depreciation. However, I can not show loss against my active income as my joint income is well above th...
Account Closed
Husband and Wife each have their own SDIRA
I've already contacted 2 custodians on this matter and one says it's ok and the other says contact a CPA or lawyer. I've reached out to both but figured I'd ask here too. I know it's a confusing subject so I'll try t...