Cory Magnus
Becoming Incorporated as a realtor
My wife is a new realtor and we are trying to figure out how she should set up her business and start paying for expenses. Should she become incorporated? If so, an S-corp or LLC etc.? Should she use a debit card or o...
Geoffrey Brown
I'm totally new
I've been reading and listening to the Bigger Pockets Podcasts, and I'd like to start attending REIA meetings, but at the only one I attended, I was asked for business cards and 1) I didn't have any and 2) now that I ...
Kaizen B.
Failed to claim depreciation on rental
I was unaware that I would have to pay taxes on depreciation when I sell my rental property whether I claimed it or not...which I haven't done for the two years I have owned it. So now I'm trying to figure out how to ...
Alejandro Arreola
How to protect your rental profits ?
Hey people anyone knows or anyone can recommend someone that can help me protect my rental profits form the IRS? I’ve been getting taxed to much money on my rental profits. Within these couple of years I have file a l...
Jon Mason
General Partnership or LLC
For purchasing properties (buy and hold) with a business partner (not my spouse) is a general partnership or an LLC the better choice?I've always thought an LLC was the way to go, but we were chatting with a lawyer an...
Jack B.
Why not use stock losses to offset capital gains when selling rental property?
I researched this a bit after having the thought the other day as I started planning to sell my portfolio slowly over time. I can offset stock capital gains with stock losses. Why not rental property gains?Basically i...
Chris K.
What questions would you want a PA Lawyer to answer?
Hello everyone: I've been asked to consider contributing to a new startup blog. The posts would focus on real-estate law in PA. I'm not sure if I would accept this particular offer, but I am curious what folks at BP ...
Siobhan D.
Do you set aside a % of your rental income for tax?
Hi All,Wondering if in general investors are setting aside a % of their rental income for income tax. I realize this will differ greatly depending on personal income/location etc. but curious (especially in Ontario, C...
Patrick M.
Home purchased as primary residence but never lived in
We purchased a home last year that we were planning to rehab completely and then move into. The rehab happened, but the move in did not because my wife was transferred to another city. We've been in a rental throughou...
Jazmine Menders
How Do I structure my STR business to qualify for as many Tax write Offs as possibl?
Hi All,
I recently just started a Real Estate business specializing in short term rentals in South Florida. I am registered in my state as an LLC. I want to structure the business so that I can write off as much as p...