Alicia Yoder
Elected to be S Corp and now don’t want it
Hey guys,I have a dog walking company and was improperly told to elect S Corp status. I don’t make enough in the company for that to be advantageous so I would like to cancel it but not dissolve the company completely...
Justin Pumpr
Lease to rent on Airbnb
Hi all, I am thinking of trying the lease-to-rent business model as advertised by Brian Page and I had a tax question. Can you deduce the amount you pay as rent as a business expense? So say I rent the property for $1...
JD Martin
Tax implications for seller financing to my current tenant
Good afternoon all!
One of my tenants that I've had for several years is interested in purchasing the home that he's currently living in (he's rented two different homes from me). They've been good tenants but don't ...
Zev Dobuler
Anyone ever purchase for low then share upside with owner?
Hi Everyone, I’m investing in Fix & Flips in Oklahoma City and Philadelphia. I was wondering if anyone ever tried to make a deal with an owner where they purchase the property for much below the asking price, pay ...
Josh D.
LLC 1065 quick tax question
As a husband and wife with a partnership llc disregarded entity we are co owners and have 5 rentals that were acquired last year (2019). Do I need to file 1065 and issue each of us a K1 since we’re married? If so why,...
Tracy D. Garrett-Numa
SELF DIRECTED RETIREMENT PLANS, LLC
Hello,Has anyone used the online company called SELF DIRECTED RETIREMENT PLANS, LLC. I am looking to use them for my 401k account but cannot find any on line reviews.Thanks,Tracy
Doug Watts
First Flip Listed! Any strategies to avoid CAPITAL GAIN$?
My first flip is listed on the market and should be selling soon. I was just wondering if there are any strategies or things that could be helpful to me on the capital gains. Im pretty sure in texas you have to own ...
N/A N/A
Are my calculations correct ?
Hi,
The point of this message is to try and find out what a good real estate investor does when crunching the numbers before they acquire real estate. Can you please look at what I did below and tell me the pos. and ...
Minsu Kim
Depreciation when renting out an in-law suite
Hi,I'm planning on buying a primary residence with FHA loan. I found out that there is a detached in-law suite in the property that I'm looking for, which fits for rent. If I choose to rent it out, how much depreciati...
Michael Clayborne
How to interpret a County Report
Hello BP!I am currently working on improving my ability to analyze prospective deals. I've been through the Ultimate Beginners Guide here on BP and it explained a lot! Also reading through the forums and blogs has pro...