If I buy multi family comm real estate via a RE LLC company with my Roth IRA does the rent income become UBIT taxable ? If the property is paid in cash and later a mortgage is secured does it impact the UBIT questio...
I’m wondering what is entailed and what fees I would incur for a cash purchase without a realtor in NC. I know I will need a closing attorney but unsure as to what or who else would need to be involved. Could anyone ...
Hello everyone, my name is Kyle and I've recently decided to begin investing in real estate. After finding myself on BiggerPockets almost daily reading through posts, I've decided to join!Long-story short, I've create...
I'm a new to-be real estate investor and I was wondering if I will be able to write off travel expenses if I do not own a company.For example, I'm looking at purchasing a property outside my local market. I do not cu...
If you buy investment property then immediately renovate before renting out. Can you write off any and all expenses incurred from the renovation?
I’m looking at flipping my first deal. What do you do with the profit to lower the tax penalty? It will be taxed as regular income tax. Do you just account for that coming out if your profit margin?
Greetings BPs,
I've almost completed my first deal. However, I just asked the title company for a copy of the pre HUD-1 and it shows that the seller has incur some charges (e.g. title services and lender's title ins...
Is there any difference in taxes if I report $20k net profit made with:a] 100% personal cash (savings)b] 75% borrowed and 25% personal cash?
Hi everyone, was hoping someone could help me! Im trying to set up a model that calculates Project Profit Margin (unlevered), Project Return on Cost (unlevered) and IRR for the problem below:It's a condo development t...
Newbie here...Purchased two single-family properties (turnkey) with cash late this year and both are now rented. Other than the HUD1, what else do I need to keep for my CPA to prepare taxes? Are any charges/fees/ins...