Andrew P.
2 Partner LLC and paying Taxes
Hi All,We own 23 units which are starting to turn a profit. There are two of us that own the properties in a LLC (also the %ownership is not 50:50). How does everyone go about paying taxes? Do you take the total out o...
Eric Nelson
REI deductions with fulltime job pay
I just bought a triplex in Bemidji MN. I work full time, my wife and I file jointly around $110k income.The house cost $168,500. If I have a negative cashflow on paper or IRL this year, will I decrease my taxable in...
Aaron Natalie
Cost Segragation Study
Looking to get a Cost Segregation Study done on our property we bought this year. Looking to get it done this year for tax purposes. Any recommendations for the KC area? It is in Bonner Springs, KS.
Joe Donlevy
Property Tax Calculation in Oakland co
I am looking at buying a sfh rental in Oakland County and trying to calculate the proforma property taxea as an investor. If I use the calculator on the state website https://treas-secure.state.mi....If the ourchase p...
Char Bacheh
taking money from an s-corp to an disregarded entity llc
i made around 8k on my s-corp and i took that money out and put it into my llc how would i have to report it?
Branson Berger
First time home buyer
I’m buying my first property using a VA loan. It’ll be a duplex. It will be my primary residence. My sister is going to live in the second unit and pay me rent. Is there a way to receive rental payments from her with...
Peter W.
Tax Implications; Cash Flow or Amortization
I've never invested in investment rental properties and I have a question. I am buying a small multifamily unit for $1.535mm and will put down 30% and borrow 70%.If I finance purchase with a 15yr fixed my monthly pay...
Lucas Amuchastegui
how does "pass through" income work in a partnership LLC?
Hey BP,
These will likely be silly questions but I'm a noobie having a little trouble finding answers online. we plan on hiring a CPA, but I'd love to understand some of the basics. My brother and I are 50-50 owners ...
Jan Schwoebel
How to apply business deductions on combined income
My wife is a realtor (sole proprietor ) and has $0 income so far. I'm a full time employee. We usually file taxes jointly. Can we apply any of her deductions to our combined income? Or will her "business expenses" onl...
Celia Moore
Danger lurks in Biden plan to Cap Like-Kind 1031 Exchange
What do you all think about this cap and the statistics below? President Biden’s “Build Back Better” tax proposals could be devastating to anyone owning Real Estate... The three issues I have been following most close...