Last year we purchase an investment house on a big lot. Shortly after closing (online forecloser auction) we found out that we only purchased 1/2 the lot as the county only foreclosed on the one lot. The adjoining lot...
So I get my taxes filed by CPA for the first time in my life, and paid a premium fee of $685. Things went smoothly for the most part, other than couple of MAJOR issues which I cannot afford to overlook. I am detaili...
Hi,
I'm a newbie to real estate investing. My time has been spent educating myself over the past several months. I'm ready to begin assembling my team and get a corporate structure in order. My first team...
I have a property I am interested in bidding at auction and need help figuring out a max bid. this will be my first auction purchase. I have some experience working for my dad as he has around 30-40 cheap rentals, but...
Good afternoon, BP.I'm currently doing research on how to screen applicants, particularly those who are self-employed. One way to verify an applicant's credit history would be to examine their tax returns and other re...
Hi guys,About to close on my first rental property, out of-state (TN), cash purchase, through a turnkey companyI've had and will have a very low yearly income (less then $10K), and I've been filing my W2's via 1040EZ ...
Where do I start reading about this stuff?
I googled for a while until I found this link: http://www.propertyinvestmentproject.co.uk/blog/using-a-company-to-save-tax-on-rental-income which unfortunately is only valid ...
I was interested in buying a certain foreclosure and am good at a particular area in Austin. I found one but my friend tells me that it has an IRS lien. He won't tell me how he found out online. I usually resear...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Hi, so I am trying to figure out the answer to this question: how does investing in real estate with a "real estate professional" status compare to investing as investing with an entity and having a business (LLC) beh...