Morgan Gruelle
how to track cash expenses?
I am wondering how I can account for cash expenses. I have a rental property that I did not have time to paint so I paid a friend cash to paint the rooms over the coarse of a few days. I am wondering how can I track t...
Shahdan Calcuttawalla
Accountants- LLC for Foreign National
Hello, I will be arriving to Dallas on December 18 and am looking to connect with CPA who can help me set up an LLC. I planning on flipping some homes in 2018 for which i need this LLC set up. I am from India, so a fo...
Zack Tran
How do I file taxes for house if owned by 2 separate individuals?
Hi everyone,Now that tax season is soon dawning upon us, I was hoping to get some insight on the best way to file my taxes being that my friend and I both own the property and are filing as separate individuals.In ter...
Ramesh Ganesan
Can I deduct my rentals losses from my W2 income.
Hello Folks,
I have an SFRs, not thru LLC. I did Airbnb and I got $8000 negative, This was managed by me actively. My tax guys sayst that it cannot be treated as active. so cannot be deducted from my w2 income. Any...
Anna Freitag
Logistics for Using Foreign Trading Account Money for US Investment Property Purchase
I am working on a deal with a partner currently to purchase another property for a midterm rental. My partner has roughly 180K in a trading account based out of the UK that he has not been doing anything with for the...
Michael Jake Higgins
C+ Neighborhoods in Greater Cincinnati/Northern Kentucky Area
Cincinnati/Northern Kentucky Real Estate Investors,
I plan to purchase a 1-4 unit investment property in a C+ neighborhood in the Cincinnati/NKY area, with a 6%+ cap rate, and 10%+ cash on cash return rate in the nex...
Kevin Wiltz
Real Estate Business Accounting Software?
Can anyone recommend an accounting/bookkeeping software that's not too expensive? Currently I just use excel since I don't have an extremely tedious amount of expenses at the moment, but since I'm getting ready to ge...
Jason Arvin
Local CPA and Attorney (St Pete, FL)
Hey everyone! So my wife and I bought our first duplex last year (house hacking) and are looking to get another by the end of the year. In addition, I acquired my real estate license last year and am transitioning ful...
Johnny Weekend
Dayton Ohio property tax and realtor recs
Hi everyone, can anyone comment on their expenses with property taxes in Dayton. Will they get reassessed after the sale? I tried calling the assessors office but it is just a long hold. I calculated it as 100k market...
Christopher Hill
Any benefit to leasing a property in your name to an LLC you formed?
I am buying a multi family in the Pittsburgh area using my VA loan privilege. Since it has to be in my name is there any advantage to forming an LLC and leasing the property to it so the LLC can manage it? I was think...