John P.
Managing Investment Properties - bookkeeping, finances, taxes....
We have rental properties with 3 different property managers around the country and also a couple other properties that we self manage. I am trying to determine a way of keeping track of our return on investment and ...
Sunny D.
C corp for CA resident flipping in IL
FolksI have 3 flips in progress in the IL area. I am a resident of CA. I was suggested to set up a C corp by my realtor. Wanted to get some advice on how to do it.Do I need to incorporate it in IL or in CA. Any sugges...
Jeff B.
IRS Scam Call
CAVEAT EMPTOR:Got a call today which skillfully deploys Social Engineering. Did not recognize the area-code so I didn't answer the call and let it go to Voicemail. The message was:The IRS is filing a law suit agains...
Jerry Bliss
Jerold Bliss - new, 0 properties - north of Chicago
Hi everyone, I'm Jerry, new to bp, real estate and investing in general. Found this site by reading every single article on a specific website. I plan to follow a buy and hold/slow flip strategy. I've been itching to ...
Stephen Torti
Personal & Business Car Lease Option
Hello Off-topic Bp!So for years I've always subscribed to you only drive what you can afford, meaning don't F-ing lease. However I've been influenced a lot lately to consider the tax-write off lease option, especiall...
Cresundo Whitaker
Tips on how to find an excellent CPA and Lawyer
Hello everyone I am just getting my feet wet with landlording and real estate investing. I am hopefully closing on my first investment around the 5th of July and I am going to do some cosmetic upgrades to the house an...
Sean Rogers
Tax basis and deprecation
My aunt and uncle have multiple Rental homes. My uncle recently passed away and my aunt wants to know if she can start deprecation over? And the tax basis?
Billie Joe
Can you have an LLC Partnership where 1 member is a contractor?
In an LLC taxed as partnership, can 1 of the partners be an independent 1099 contractor to provide services for the business? For example:Partner #1 Limited Partner (K-1)Partner #2 Limited Partner (K-1) AND 1099 Contr...
Becky Watkins
Not Yet Incorporated
We're just getting started and already found a property we like and can purchase. We probably won't have a problem finding a buyer, but the problem is we aren't incorporated yet. Our method on this was to seller-fin...
Bea J.
Searching for Smal Buss. CPA Accountant in the Central Maine area
Good day investors. I am looking at suggestions on hiring a CPA tax accountant / professional in the Central Maine area in particular Skowhegan, Fairfield, Waterville area. Would greatly appreciate any leads you can g...