which type entity for flipping house, next two years hold rental property should we form? my husband has a property maintenance (DVA), should we open another one for the flipping house? LLC?S? C?which one will be easy...
Hello, friends.I am looking to hire a new accountant to do my 2017 taxes, which involve pass-through LLC rental income.If anybody knows a solid account who has experience with small rental portfolios and who they'd re...
I have a self directed ira (SDIRA) and self managed LLC, where I have cash in the checking account. Currently it's earning no return. I'm considering moving the funds to a stock brokerage account for greater returns, ...
What's up BP! I just recently purchased a house hack duplex in Upstate SC. I already set up a business account to keep my business expenses separate from my personal expenses. Even though this will be a temporary p...
Can someone confirm my understanding of using Stessa and what I plan on doing or give some advice.
I plan on using Stessa to manage my 1st property, I know most of you said it's not needed, but it's free and keeps ...
Hello!We are just about to close on our first property, very excited! I have a basic accounting question. How to you guys handle property finances? This property is a duplex purchased with a conventional bank loan. We...
Thank you in advance forum members. I need clarification on how the sale of a rental property would impact my 2018 tax liability. The rental property is in NC where I have no W2-income (currently live in CA). My AGI f...
Hello All,
I'm new here, but have taken some time to read through this site for this question I have. Chances are, the answers here somewhere, but I couldn't find it. So I apologize in advance if I'm repeating a ques...
I would love the BP Community's advice on a current situation with a gentleman. He brought a deal to my attention and I'd like feedback on what is fair compensation.
I met a man that mentioned he had a deal,...
I started looking at buildium and Appfolio about 12-18 months ago when I was looking at expanding. At the time I had 1 unit but now I have 4 and want to continue to grow. Buildium was $40/ month for up to 40 units. By...