Kaybreh Mathis
Do I Need to Issue 1099s?
Hello! My husband and I bought our first apartment buildings this year. We bought them in our own names. My dad has done a lot of handy man type jobs for extra income: painting, new faucets, flooring, etc. He is a tea...
Brad S.
Property Tax Burden (GA, South East) - Multi Family & Commercial
I am just curious how much emphasis fellow investors put on property taxes and the impact that the sale will have on future tax liability. I guess it depends on who you ask, but in my experience, property taxes are ty...
Joshua Sun
LLC / Business Checking Account on First Property?
I was wondering if it makes sense to open up an LLC after closing on a first property?Or would it be okay to simply open up a separate checking or business account to keep track of taxes at first. Do you even need an ...
Jeff Ausdemore
Series LLC book keeping
Good morning!Just wondering if anyone has any thoughts on bookeeping for a Series LLC? Our CPA recommended separate checking accounts for each property in a Series LLC. Seems like there could be a simpler solution w...
Account Closed
Rental vs. Flipping: Which, and why?
I'm sure most new investors have this question. Although I myself am new, I know where I stand. I'd prefer to build a rental portfolio accompanied by periodic flips. But I'm curious. Are you more on the side of runnin...
Gugu Dube
Accountants in Yellowknife
Hi there , I’m a real estate investor looking to connect with, or recommendations for an accountant in Yellowknife , NWT
Devin Callon
Checkbook IRA cash management
My checkbook IRA owns a rental property. The rental income just sits there in a non-interest bearing account until I invest in something. This bugs me. I am currently self-managing the property but I'm considering swi...
Ed Jaroch
Historic Building Rehab Federal Tax Credits
Are there any readers of this forum that have used "Federal Tax Credits for Rehabilitating Historic Buildings". I would interested in hearing what your experience was like. The tax credit sounds interesting, the ...
Lucas A Riemens
Tracking Expenses for Tax Purposes
I am looking for advice on how best to track and structure my expenses to get the most tax benefits. Currently my wife and I own two properties in the Cincinnati OH area and have just completed the renovation of our ...
Alisa Keith
How should I file for my Flip house that still didn't sell?
Hi, so I bought a flip property (in Philadelphia, PA) for 169,000 in the summer of 2016 with the plans of selling in the year 2017 of course. In September 2016 I started the rehab process. We have put in about 100,000...