Anders Jax
How are depreciation & taxes factored in to a property's finances
So when I google Real Estate Income Statement, none of them have depreciation or taxes on the them, like a normally company would.So where the heck is this factored in? Is there is a typical LP/GP structure, with an L...
Steve Smithy
Paying the least in taxes
I'm about to close on my first property, a 4-plex. I plan to buy more in a short while, and I thought one of the main benefits of a corporation was that you pay taxes LAST. So I thought if I bought another property ...
Doug G.
Help regarding upstreaming of income?
I am yet to make my first investment- but have been doing my homework and saving, and I'm "almost ready". I work in a secure, full-time employed position, and I love my job. To be clear, I do Not intend to quit anyti...
Tjay Sharma
Is it possible to buy a property with a foreign family member?
I'm in my mid 20s and I'm planning to buy my first place to live. My income currently is 40k annually, have high credit score. However, with my income I will not be able to quality for mortgage for even a studio apart...
David Drew
Should I have my LLC taxed as an S-Corp?
I've created an LLC in Broome County, New York. It's time to decide whether to leave it as pass-through taxable or choose to have it taxed as an S-Corp. My plan is to use the entity to hold my buy & hold propert...
Fiorella Armoa
RE and taxes - Canada
Hello!Anyone in CA? I am a tax accountant looking to discuss some strategies I am planning to move to commercial. I am thinking of JV thru an LP, where a Corp is a liable partner. I already have investment properties,...
BENJAMIN KELLY
LLC vs C Corp vs S Corp: Tax Issues
Real Estate is a part time business for me. My plan is to rehab and flip 4-5 homes per year. I have a full time job as an insurance agent where I am a partner in an S Corp. My paycheck puts me in the 30% tax bracke...
Dennis M.
After giving1099do i have to file return even no income for 2017?
My LLC was form and office in the US who own all the properties. The LLC already have an EIN. Properties acquired last year 2017 and are still under repair and no income for last year. Do i still need to file a return...
Juan Soto
Corporation vs Personal Ownership of Rental Properties in Canada
Hello BP Canada!
I currently have 12 doors which are personally owned 50/50 by me and my partner. We are thinking of transferring them to a corporation and are doing some research to evaluate the advantages and disad...
Silver A.
Hello from Tallinn, Estonia
Hey,
I've been reading biggerpockets.com for ages now, some good stuff here. And now I've finally signed up to participate on the forum.
( Wait... Estonia? Yes, a tiny country in Europe, just south of Finland and we...