Michael Kretch
Pros/Cons of PAL (Pledged Asset Line of Credit)
Hello,I'm currently in the process of applying for a PAL. Basically, it is a revolving line of credit secured by cash and securities in a brokerage account. The line can be used for non-securities purchases, such as...
Sean Tippens
Tools for bookkeeping
What are the best tools to use for managing your real estate investments, and why? We’re just starting out, we have 3 properties, and I’m struggling to stay organized, especially during the remodeling. AccountingRecei...
Karin Cornils
rent collection challenge around self-managed SDIRA owned property
I understand that rental payments for property owned by my SDIRA account (custodian, not LLC-type) need to be handled in an 'arm's length' fashion. I haven’t found a property management software that will collect the ...
Nick Ferguson
Using Venmo to collect rent
Has anyone used Venmo to collect rent? If so, what was your experience?I'm currently using a bank that has a branch both where I live and where my property is (about 4 hours drive). I am thinking about switching all...
Account Closed
Thoughts on a previous dollar store for sale to then rent to a gym & salon in a semi-rural small community?
For geography, the property is ~20 miles NW of San Antonio, TX in a neighboring county. The recently-built dollar store lost the battle with then neighboring dollar store and the small grocery/hardware store. I hear t...
Terone Johnson
Bonus Depreciation on Rental Properties
Hi, for those here who own rental properties 1-4 unit residential, Are we able to use bonus depreciation when filing taxes on these assets? I was told that you are only able to depreciate These assets with their norma...
Donna Regev
Accelerated Depreciation - how to use it?
Accelerated Depreciation - can you use it on your taxes when you are an investor in a group purchase of a multifamily Apartment Complex? or an investment in a Senior Assisted Living Facility? What type of investments ...
Charles Hinson
Sales Tax on proceeds of sale?
Hi folks,I'm working on a Flip (my 1st property) with a JV Partner in Albuquerque, NM. I'm having a discussion with my accountant at the moment about sales tax. He's my personal accountant who I'm trying to convert ...
Vic Stezin
Has any one heard of a landlord requiring a W-9 from a tenant?
I am curious what the purpose of requiring a tenant to sign a W-9 might be. I have never had to do that when I rented before. The landlord is saying their bank requires it.
Steele Kruzel
BRRRR taxes advice
Hello! I'm looking for some advice and guidance. I recently purchased my first rental property in 2023 for about 130k. I'm going to put about 60k into it. It's in my name and not an LLC. I plan to convert to an LL...