Tom Edwards
My First Deal - Seeking Landlord Advise
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...
Will Newton
S Corp Formation/Opperation
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 ...
Gabriel L.
CPA Recommendation & Avg Cost - Providence, RI (or elsewhere)
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...
John McKee
Collecting payments automatically
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 ...
Account Closed
First wholesale-need some help
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 ...
Robert Haney
Poll: Who has a "checkbook control" IRA LLC ? Has IRS audited u?
I have a self-directed Roth IRA and set up an IRA LLC with a checking account for checkbook control. I'm the manager of the LLC which my self-directed IRA account owns.Some Self-directed IRA Custodians (usually trust...
Elizabeth Conklin
Guidance for tax mgmt for STR
I have rental income from my primary residence which I use as a STR, since we live overseas. In talking with my current accountant, I am concerned I am missing key items in my tax filing strategy including:1-Rental in...
Account Closed
Introduction and Pick & Shovel Work
Hi there. I am reading through the site and really seeing some great stuff!I am relatively new to formally being a real estate investor, but have done multiple major remodels on private homes and income properties b...
Alicia Hensley
Trade work for financing?
Has anyone done any creative financing with trade work? My brother is a contractor and is toying with the idea of trading a down payment on a lease option, or something like that. Any tips for doing something like th...
Chuck Brooking
Home office tax deduction while using a UPS Store mailbox?
I need to use a street address for a dba filing and plan to use a UPS Store mailbox rather than my residence address. Can I still get a home office tax deduction with the business address different from my residence?T...