Any advice on what types of questions to ask my accountant to determine if they're the right fit for my REI business? Just started investing late 2019, I own a couple of properties under a LLC, and asked him if I need...
After buying a property in 2015 i subdivided the lot. I've kept the original original house and lot as a long term rental. In July 2019 I started new construction of a single family home on the subdivided lot. Constr...
Hey guys,Another question today about the details of your K-1 and whether or not I can peek under the hood. Does anyone know if it's visible on a K-1 document whether or not you are receiving your own capital back (th...
For example, I want to use the LLC when I do business with property managers, contractors, opening bank accounts, accounting, cash flow, taxes etc; but at the same time the properties for the mentioned transactions ar...
Hello BP, The fees for forming a LLC in NY are breaking our pockets!! We've already created a LLC but do not have the funds to publish in our county newspapers. Unfortunately, we do not have people in our network t...
After a couple of years of research here on BP, I'm moving on my first investment property in NW Indiana. Its an occupied 2 unit in a residential neighborhood. I have a few questions on how to start my journey as a la...
Hello! married to realtor here, as a realtor my wife is taxed purely as a 1099 worker so we are paying both sides of FICA on our income at this point. we are discussing creating an S corp to reduce this liability but ...
Hello BP Community,
I am new to real estate investing and am doing my first house hack in the Providence, RI area. I am currently in the process of building my team and am looking for a CPA that has experience workin...
What is the best and cheapest way that I can collect payments automatically from tenants. I'm looking for a service that allows me to have complete control so that tenant does NOT have to create an account, but just ...
Hello BP!This is my first post. So I'll add a little info about me. I have a single family rental in the Nashville area but now live in the Bay Area (Walnut Creek) where I am closing on a condo tomorrow. My dad was a ...