Tony Lin
Looking for a personal CPA well versed in syndication
Hi there, I'm looking for a new tax accountant for filing my personal taxes. I do a lot of multifamily syndication work so would like someone who's familiar with the tax advantages associated with these investments. A...
Eric S.
Does NJ "7% interest on security deposit" apply after move out?
In bold is a NJ statute regarding notification (or lack thereof) of security deposit information and the penalty assessed when landlord fails to notify and cure. Following that are my questions:
If notification is no...
Adam Craig
How to track Home Depot expenses?
Right now we have 5 rehabs going on and I have 4 business credit cards spread out between different contractors. They all purchase 90% of supplies through Home Depot. Rather then having them save every receipt - is t...
Robert Carl
Looking for the Best way to Collect on Owed Rent
Most rental companies are able to collect on owed rent quickly. Does anyone know how us small time landlords can collect like the big rental companies?
Toure Smith
How To Start Developing Properties
Hello BP family, I have been on BP for a couple of years now and it has helped me tremendously, I love it! My name is Touré Smith, I am a junior at Western Illinois University in Macomb, IL. majoring in Accountancy. A...
Morenike Arraheem
Business license required?
I am looking to start wholesaling and want to operate under a company name. Am I required to have a business license of some sort or can I just register a DBA? If this was already answered, please include a link. I am...
Account Closed
Sacramento Rent growth leads the nation at 10%, Seattle 8.6%
Yardi Matrix 2017 rent forecast (growth YoY)1. Sacramento 10%2. Seattle 8.6%3. Reno 8.0%4. Phoenix 6.5%5. Tacoma 8.0% NATIONAL 3.9%
Nick Boring
Capital Gains Tax on a Secondary Home
Hello BP and thanks in advance for your help!
From my understanding, secondary homes are not exempt from the capital gains tax, and if you are not renting it out then you cannot do a 1031. However, this client has h...
Joe Rogan
Help Managing my Reserves
Hi BP. In the last three months I have managed to purchase my 3rd and 4th property. Up until now, all income has been saved. I only dip into my reserves when the properties need repairs or upgrades. However, now with ...
Teresa Hubbard
Investing with funds from a 401K
I am looking for information on what type of account to transfer funds from a 401K that my husband had with the company that he just retired from, in order to use that account to invest in real estate. We have a prop...