All Forum Posts by: Brian M Sweeney

@Natalie Kolodij brings up very good points. I would consult with a professional and bounce ideas that way. Don’t make your own assumptions.

@Brandon McLean the internal revenue code has great ways to help business owners save significantly on taxes. Especially for those who are willing to think outside the box and use the loopholes that they are granted. You are thinking in the right direction but you could complicate things a bit. Do you own your home?

If anyone would like to hear the insight please let me know. 

@Chris Fordonski what type of advice are you looking for? Forming an partnership is fairly simple.

@Kevin Phu QBO is very intuitive and user-friendly. Great for beginner real estate investors. 

@Tom Mitchell how often is the property being rented and what are the cost associated with the property? 

Detailed Tax Planning, Maximizing Deduction Loopholes and Efficient Bookkeeping can save yon tens of thousands per year on taxes. We exclusively work with real estate investors to do just that. Contact Greyson Tax & Consulting. 

@Chase Cline it can get confusing with banks accounts, etc. it will make accounting easier but most times I see investors grouping properties under LLC’s. I have grouped several of my own properties under different LLC’s based on location. It just all depends. Don’t get crazy with it.

@Corey Jacques no problem. I sent you a inbox message.

@Corey Jacques I'm not located in the Twin Cities but do have numerous clients across the country whom I work with remotely. Relationships have all worked out great.