Hey Guys, quick question regarding the taxes I will pay on wholesale fees.      I plan to have a separate SMLLC for my wholesale business. This LLC will be taxed as a sole proprietorship starting out. What are all the...

Hello BP Community newbie here, I have a general question. When flipping a house with lets say a total of 3 people, each takes their profit & are taxed individually correct? Would they each report their gain separ...

I currently have 3 free-and-clear rental properties in a single-member OH LLC (I live in CA).  Since that LLC is a disregarded entity for tax purposes, I use Sched E on my personal return to account for the OH rentals...

Lately, because of the large amount of confusing and low quality information I have read online and my inability to access my book collections, I am confused about taxes.

I have the following questions:

1. Are there...

Hello! Fellow BPsOver the last 4 years besides real estate investments , I have done a few investments in syndicates. As per the schedule quarterly I do receive the distributions and at the year end I do get the K1 wh...

Hello all BigPockets!This may sound straightforward to most but I would like to know being a Canadian Citizen, if i wholesale (assign) deals in US using my US Based LLC, are their going to be any tax liabilities arisi...

What is the tax rate on an assignment fee received from Title?

I hoped some experinced members could point me to the right resources on the following situation.Assume you syndicate a deal and as part compensation for putting the deal deal together, for finding the right property ...

Hey guys, I have a question.

Hypothetical scenario:

SFR
$1000 NOI

$500 Service on a selling financing.

Cashflow = $500

Are you taxed on the $1000 NOI or on the $500 cashflow?

Hello Guys,If I invest $ 1 Million dollar in a real estate development project and the net profit for this project is 100% or 1 million dollar , how much tax should I expect to pay for this profit? what would be the l...