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Time to Level my Life Up
It’s not about ā€œsaving money.ā€ It’s about taking back control of my future. Every dollar I keep is a dollar I can turn into something bigger, a home for my family, opportunities for my children, resources to pour back into my community. I’m not trying to impress the IRS with how much I can pay. I’m trying to build something that outlives me. Because I’ve seen what happens when you don’t have options… and I refuse to live like that ever again. I’m in the phase where everything is real now. Not just learning. Not just talking. I’m building, applying, making moves and correcting mistakes in real time. I’ve got vision, I’ve got drive but I’m also in the trenches figuring out how to turn strategy into consistent results.This isn’t overnight success. This is intentional growth. My biggest challenge isn’t motivation. It’s alignment. I know too much to stay stuck but I need everything income, credit, business structure to move together at the same time. Because one weak area slows down everything else. So my focus right now is simple: build something stable, scalable, and undeniable. Once that clicks? Everything else accelerates It is time to level up!
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LLC member question
Hi, I was just watching some of the instructional videos and saw the one about setting up an LLC. I just want to clarify something. If you’re a married couple, is the advice that the LLC should only have a single member of the married couple? What of the property is owned by both spouses? Could that pose an issue for transferring the property to the LLC?
2024 Books messed up 2025 Books
I'll try to be as brief as possible. In 2024 I had 1 STR, and in 2025 I acquired my 2nd. My bookkeeper royally screwed up the books in 2024 mainly by putting almost all of my launch expenses into assets as opposed to expensing them. My 2024 taxes were filed with incorrect books and my refund has been withheld this entire time. I caught this mistake in 2025 and have since corrected almost all of the expenses, but the balance sheet is extremely messy and confusing to me. Currently using Incite Tax (NEVER EVER use them), but have signed up for Tax 365. I please need advice on two fronts: 1) I'm worried 2024 books are messing up the 2025 filing. How should I go about filing 2025, should it be standalone, and then re-submit 2024 after my refund has landed, or should I fix 2024, re-submit and file 2025 based on the fixed 2024 books? 2) My existing bookkeeper wants to charge $3,000 to clean up all of 2025 despite the vast majority being corrected by me. Chart of Accounts, categorizing and classes and almost all expenses are correct, but the balance sheet confuses me. I can't keep throwing money at this problem, can anyone advise the best course forward here? Thank you,
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Expensing real estate mastermind fees?
Hey team, I own two STRs that I actively manage. What is the best way to defensibly expense real estate mastermind fees? Are there important book keeping and entity structure considerations that affect the defensibility of the expense in the case of an audit? In my specific case, I’m looking at joining a mastermind that involves education, coaching, and hands on support analyzing real estate deals, operations, and networking opportunities. The mastermind is definitely real estate investing acquisitions and operations focussed, however it is not strictly related to the short term rental asset class. Is there any complication there with the mastermind involving expansion to a new asset class within real estate investing? My entity structure is such that each of the two MI based STRs is owned by a separate MI LLC. I also have a Wyoming holding company. ChatGPT recommended using the holding company to pay for broader real estate investing mastermind fees. A CPA friend recommended against doing that and recommended using one of the two MI LLCs that holds an STR expense the mastermind fee against. I want to make sure I’m doing it legitimately and as cleanly as possible. Thanks!
How to fill out a 1099
Hey, This is my second year with the group. Last year, I thought I saw a post/video that gave instructions on how to fill out a 1099. Does that still exist? If so, could someone share the link? Thanks!
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