Raj Chacko
Can a holding company (LLC/Partnership) carry both active and passive investments?
For taxation purpose, how would this work? My 'Holding company X' in WY has two LLCs registered in IL, One of them is in active rental - STR, and another holds assets in a LTR business. I know that the 'Holding Compan...
Ibrahim Hughes
How do I complete a no activity tax return for my LLCs?
I like to know how to complete a no activity tax return for a couple of LLCs that I own that did not transact any deals. And I'd like to do it on my own as opposed to having my accountant charge me 250 dollars just...
Frank Pilipauskas
How do I determine where active investors are buying in my area
Hey BP!Right now I have email alerts to notify me once certain criteria have hit the markets for the suburbs that I am looking at. These areas are ones I personally know, but I want to investigate what areas I may not...
Sahil Singla
Active participation in car wash/gas station without real estate professional status
Hello,
I am a w-2 employee and I am looking for ways to reduce my taxable income using real estate. Can I buy a car wash/gas station and show active participation to reduce my taxable income? I am single and don't h...
Ben Lee
Using LLC to offset Rental income against Active income (W2/Capital gains)
From my research, I understood that my rental property paper losses could offset my W2 income/capital gains if: (1) my AGI is under $150k, (2) the property is a short-term rental, or (3) I have a Real Estate Professio...
AJ Wong
30 TOTAL Active Oceanfront Listings in OR - Listing Strategies that actually work?
Hi there, I'm an active broker on the Oregon Coast that covers a large geographic territory because well...the Coast is basically one 'typical' territory. Any brokers or developers have listing farming strategies they...
Levi McDaniel
Rental income taxes: Is it better to be under a active agent?
Hello, My wife and I purchased our first property (Duplex), we have a PM company looking over it for us being that it is about 600 miles away. We are located in Washington state. I've searched around for a bit maybe I...
Dan K.
Home Listed As An Auction on Zillow and Active Sale On Redfin?
I see the exact same home in Edmonds, WA on Zillow as an auction and on Redfin as an active sale. What does that mean?http://www.zillow.com/homes/for_sale/fore_lt/pmf,p...https://www.redfin.com/WA/Edmonds/1419-7th-Pl-...
Joe Henry
HOA foreclosure purchase, lawyers potentially didn't name active duty spouse on title
Well I've got myself into a pickle. It's been a long time since posting here, I hope everybody is well! This is a tough one, I've spoken to lots of investors but this is outside the normal realm of knowledge for most ...
Stephen Seaberry
Use of the VA Loan twice within 1 Year (Non-Active Duty)
HI BP,Ok, so heres the scenario:My wife and I both have VA COEs, as we both served and are now out of the military. We bought our first house in September 2014. At the time we bought the house, we used my wife's COE a...