All Forum Posts by: David Hull

There may be some opportunity to bill back utilities to the tenants which would make this look a little better.

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Thanks for your replies Bill and Daniel. I think I will take that advice. Bigger Pockets has been a great source so far!

I need a new tax provider or CPA and currently live in Ft. Collins, CO. Does anyone have any recommendations? My CPA has went rogue on me and I need to replace him but I'm really not sure if I need a CPA or just a good tax advisor and provider. I would love to know what others are doing for tax time.

@Rachel Mazzanti I have an opportunity to get a business loan for some working capital. It is a simple interest loan with 48-74 monthly payments. I am concerned about making interest payments every month and not having a deal pipeline to make the money work. Just wondering what thoughts were about a business loan vs a hard money loan that is deal based.

@Ryan Blake, Thank you for your input. I was hoping for a LOC but this loan is not structured that way. I will talk to my CPA about it for sure because the selling point for the loan was tax deductible interest.

Is it better to use a simple interest business loan with a 48 - 74 month term to get started or use hard money to fund deal by deal? I am a newbie and working on my first investing deal. It just seems counterproductive to pay monthly interest without the money at work but is there any tax advantages by having an LLC?