Pavlos Kasselouris
Logging a Refinance in Quickbooks Online
Hi everyone!I recently had a bookkeeper from India, setup QBO for my 4 rentals. Properties are under a LLC with a partner and we have bought, made capital improvements, cash out refinanced. I feel things got a little...
Maria A A.
Calculating Net Proceeds needed to buy replacement property
Is there a way to legally factor in valid selling expenses like painting, carpeting, new appliance, etc which were paid prior to escrow to reduce the net amount of property you need to replace as part of a 1031 exch...
Raj Parwani
Capital gains tax
Does the gain on the investment property needs to be reinvested only to prevent the capital gains tax or the final selling amount needs to be reinvested. One of my friends told me that the gain needs to be reinvested ...
Mary Jay
How to calculate state taxes on a rental in California
Hi Guys,
If we received 36 k as a rent on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from...
Annie Le
Tax implications on a 1031 exchange
Hello everybody,
I am trying to figure out the tax implications, if any, for a client who is doing a 1031 exchange. I don't believe she should have any tax implications but would like a 2nd opinion.
Ori...
Aaron Simpkins
Vested Roth 401k questions
BP CPA's, I have a question. I have a fully vested Roth 401K from a place I no longer work at. I want to leverage this Roth into my real estate investments but I am still unsure of how to fully take advantage of tha...
Brian Dudash
How to estimate income tax for rentals?
Does anyone have any good resources, tips, or ideas on how to roughly calculate/estimate income tax on rental properties?I'm in the process of hopefully buying a rental very soon and while I have everything estimated ...
Kiet N.
Tax Deed: Taxation of the "penalty fee" and Re-selling Cert
Hello everyone, I have been a "silent reader" of this great community, and appreciating every single post. However, I haven't run across the following topics. Hopefully someone with knowledge would shed some light:1. ...
Matheo Segovia
Wholesaling
Any tips on where to start, what to learn, and what to do in becoming a wholesaler? I know wholesalers aren't many people's favorite, but I would greatly appreciate the help to start my real estate investing career
Matt James
Where does the foreclosure auction proceeding goes?
I have this question bother me for a while, can somebody explain to me where does all the foreclosure proceeding go? For example, if one won a bid through a county auction for a traditional mortgage foreclosure. Say...