Linda Garcia
Seller Financing question! We are the sellers.
My partners and I have a piece of land almost ready for permitting for a multifamily. Our agent wants us to counter much higher take a chunk down and carry $4MM @ 10% until the construction loan or a deadline we defi...
Janet Behm
Corporate Transparency Act (CTA) under PRELIMINARY INJUNCTION
I hope this message finds you well. I wanted to update you on the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA).
As you may be aware, on December 3, 2024, th...
Jeremy Medina
Tax Pro Advice
Hi there BP family!
Looking for some advice. Towards the end of last year I used the BP tax pro finder and began working with a tax pro in January to file 2023 taxes and go over tax strategy. I’m just starting my RE ...
Jim Robertson
First Time Eviction- Austin Texas
I may be going through my first eviction. My tenant called me a month in advance to let me know that they would be late on the rent for this month. I agreed to extend rent for one month only, and then the deadline pas...
James Masotti
LLC - Disregarded entity or requires own filing?
Brandon Hall, Amanda Han, @Jim Kennedy and any other real estate CPA's out there who would like to chime in.I had always done my taxes myself with TurboTax. Last year I decided to use an accountant who has a sizeable ...
Reuben L.
Prior Year (2020) HSA Contributions after Filling Taxes in 2021
I have an HSA through my employer and I would like to do an out pocket contribution this year (2021) to make up for not hitting the max limit for last year (2020). Since I have already filed my taxes for 2020 a couple...
Jane Ng
Out of State Investors with LLC's
I am an out of state investor (live in CA) and currently invest in two different states (outside of CA). I created a Wyoming LLC and would love your thoughts on the following:
- Do I need to foreign file in each of t...
Dean Hulsing
Any success in getting the Tax bill down PRIOR to closing?
I am interested in purchasing a MFR that has a substantial amount of personal property associated with it. I am in IL and the owner pays for the TAX at the time of closing and I feel that the Taxes are high in compar...
Janell E.
CPA Recommendations in the Bay County Area (Michigan)
Does anyone in the Saginaw, Bay City, Midland (Michigan) areas have any recommendations for a CPA who knows real estate investing? I usually do my own taxes, but this time I have an LLC and it's become much too compli...
Evan Loader
K-1 state tax filing requirements
I am a limited partner in several syndications in Kentucky, Texas and Georgia. I am a Michigan resident. I receive a K-1 for all 3 for my federal taxes. Will I need to file a Georgia and Kentucky state income tax retu...