I own 5 small Multifamily properties in OH. I keep the bookkeeping separate for each property. I have one operating account for all of them but I know how much money is attributable to each property. The properties ar...
We will be setting up a Self-directed Solo 401(k), which is similar to but significantly different in subtle ways from a Self-directed IRA, and use it to buy our second investment property. Have you heard of these tw...
The SECURE Act now allows for 529 Plan funds to be used to pay up to $10K of student loans.
Open a 529Contribute $10K and take a state tax deduction. Most states. Distribute funds to pay off $10K of student loans. D...
I formed 2 llcs in 2019. One is for me a partner with a multi family and the other is for me and another partner for a single family. My question is, for tax purposes do we need to do anything else other than just dec...
How difficult is it in the legal aspect, get a loan and maintenance of the property.
So we have set up our LLC and decided on a bank. I want to keep things as simple as I possibly can for tax time. My partner and I have invested from personal accounts on our marketing and supplies already. I currently...
I run a local real estate website that allows one to search properties in my city. I have it set up to force people to make an account if they want to view properties. I have it configured this way because statis...
Frank Gallinelli's great book "What Every Real Estate Investor Needs to Know About Cash Flow" got me thinking about how to properly account for replacement reserves in rental properties. If we discount future rent...
Hello! I am a Bigger Pockets newbie and am looking at doing my first real estate deal.
I have an investor who wants to only provide the money for the house flips I will be doing. He does not want an active part in t...
Hey everyone -
My CPA recommended an automated bookkeeping service called Uplinq. Has anyone used it? Pros & cons?
~ Sanat