Good morning,This is the first rental I've sold. I have already provided the tenants with the new owners name and phone number, but I got to thinking, shouldn't I provide the tenants with some sort of statement that ...
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 ...