Josh Kroll
MACRS Depreciation for Manufactured Homes not anchored to land
I would greatly appreciate if someone could let me know the correct # of MACRS depreciation years that a manufactured home not anchored to land (e.g. sitting on leased land). Specific links or references to IRS public...
Account Closed
LLC or Corporate, starting investor
Hello everyone, I am relatively new on the RE world and I am wondering what is better, if I should start with an LLC or a Corporation for my investments and also another company that I am in the process of creating. I...
Bryan Hancock
At What Point Does UBIT Kick In For Leveraged LP Investments?
Please don't respond to this with, "Ask an attorney or tax advisor." That is a given...I want to solicit comments prior to that.
Scenario: Form a LP to raise money for real estate transactions and structure it so ...
Andy Rousch
Just Applied for my first HELOC to put towards BRRRR
As I have been living in my first property which is a live in flip I have built a good amount of equity. Just applied for my first HELOC so I can hopefully purchase my first rental property. I live in NJ and have been...
Aman A.
LLC in which state and tax return complications
Hello everyone,I live in Washington state and have a few rental properties in Alabama. I want to open a LLC for any future buy and hold deals and keep the properties in an LLC. The LLC will be owned by myself and my w...
Kevin Breneman
Rent to own question
I currently have a tenant that is renting for $1300 a month, however they want to purchase the house. I was thinking of renting for $1900 a month for 20 years, after 20 years the house would be their's, has anyone el...
Julia Taylor
Help choosing a new RE investing strategy
We own a STR and have decided hosting and the stress of owning a property 1500 miles away are not for us. We are not interested in hiring a PM or co-host. We are going to list our property for sale in the next 2(ish) ...
Alex Chapman
Where to learn BBRRR (Buy land, Build, Rent, Refinance, Repeat)
Hi BP nation,I am looking to learn how to BBRRR. Has anyone done this constantly with success? How would you analyze such a deal/s? Is building a Multifamily better? So many questions!I am very familiar with the tr...
Sessalli Obasuyi
Other than property tax are there any business taxes?
I know that you pay property taxes for the property you are renting out, but are there any business taxes that you have to pay as well? Is there somewhere that I could look to find out tax information?
Eric Barnett
W2 vs. 1099 and Issues in Acquiring Financing
Hello, My questions arises over a decision I have to leave my stable W2 job and go back to being a consultant as a 1099 contractor. I will make about 20-30k more as a contractor with the ability to use my newly acqui...