Nicholas Kania
Guidance on Forming a Real Estate Business: Partnership, Tax Strategies, Accounting
Hello Bigger Pockets Community,
I hope everyone is doing well. I’m reaching out to this knowledgeable community for some guidance as my partner and I embark on our real estate investment journey.
Our Situation:
Par...
Account Closed
Eligibility/ Clarification 199A and Self Directed 401k
Me and my partner set up an LLC in CA (taxed as a partnership) in 2019. We are the only individuals in the company and performed over 1000hrs each this year and will continually maintain those hours developing our lar...
Alexander Williams
UK citizen, living in the US, wanting to cash buy in the UK
My wife and I are contemplating buying a home for our parents who are in the UK and in their 70s but rent and the uncertainty of whether their rent will increase, their landlord will sell etc.. is starting to cause th...
Mike Landry
When is this income considered earned
My wife is a newer Realtor. She earned a commission on the purchase of OUR house that closed on December 30, 2016. However because it was our house she forgot to pick the check up at closing...it was a busy day. So...
Scott Long
Newbie strategy question & Account for Alexandria VA Rochester NY
Hi BPers,I am a Newbie and this is only my 2nd post. My first one led me to my realtor who then led me a real estate attorney and gave me some great feedback. However, I still have not found an accountant to answer so...
Account Closed
Question about rental income
Hello BP,Question about rental income. How do I go about pay taxes for the rental income?Thank you in advanced
Jennifer Stammberger
What exactly is a DSR loan?
David Greene mentioned a DSR loan in one of his recent youtube videos which I've never heard of. If I understood it correctly-it's simply a loan that does not use your W2 to qualify but the lender would look at the pr...
Mark A.
Capital Gains Tax on this? Income Tax? Florida Deal
Hey Guys
Quick version of this deal.
We bought an REO in Orlando. It closes this coming Thursday.
I'll use these numbers as they are pretty close.
We paid $180K
We have other stuff going on and we found a cash buyer f...
Hugh Carnaha
Are Cap Ex, Vacancy, Maint taxable income?
Howdy Guys!
This is my first real post, and i'm completely new to all this. My apologies if this question reveals i'm a moron, I assure you I have no idea what i'm doing. This has probably been asked before but I cou...
Bruce Weyer
Rental Property Accounting using Quickbooks Online
Does anyone do their own accounting? I'm trying to set up "asset" reserve accounts for Vacancy, repair & maintenance, and cap ex. how do you do this or are you accruing your expenses? How do you save for the expen...