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Results (1616)
Mitch Kronowit Mixing Passive and non-Passive income?
28 July 2010 | 14 replies

I already have an e-mail into my attorney/CPA with this question (so don't bother telling me to check with one), but while he's answering the 80 or so e-mails before mine, I thought I'd post this question here to get ...

Scott Gadea Can I write off a truck?
31 August 2020 | 13 replies

I owe 2 rental properties, (5 doors), in California. The 1st property is a single family home which is about 5 miles away from where I live. The 2nd property is a 4plex which is about 140 miles away from where I live...

Michael Klinger Changing gears from a flip to a house to live in?
30 May 2020 | 4 replies

I wonder which BP forum this question is best suited for? Suggestions appreciated. I think it's mostly a tax question?Here's the sitch...We took on a significant single-family rehab that for lack of a better term, "ha...

Andrew Fidler 2nd airbnb of Raleigh nc area
9 April 2021 | 13 replies

Investment Info:

Single-family residence buy & hold investment in Raleigh.

Sale price: $234,000

Ncsu area. Thus house has been an airbnb/vrbo short term rental property since day 1. It has and is a t...

Chase Keller Purchase the property or the LLC that holds the property...
30 December 2016 | 16 replies

Does anyone have any experience or insight on purchasing an LLC that holds property, as apposed to just purchasing the property in the LLC? Any benefits or drawbacks?I am looking at a couple opportunities; one that h...

George Smith Reconciling Quickbooks Balance
12 March 2019 | 8 replies

Good afternoon,Ive got a quick questions regarding reconciling on quickbooks. I just signed up for QB and all of the info has been imported and categorized for 2018.When I go to reconcile, It lists a starting balance ...

Jesse Doyle Purchasing foreclosures - your opinion
3 May 2015 | 14 replies

I have came across a foreclosure deal with an opening bid of 20k with a recent assessment value of 120k for the property. With that being said I have done some research on the pros and cons of purchasing foreclosures ...

Josh P. I'm sure stumped...
13 June 2012 | 5 replies

I've read that its best to flip houses through an S-corp since money made from flips counts as ordinary income.

Problem is, the only business entity I have is the LLC used to hold my buy and hold properties.

This ...

William Allen Possible "Subject To" Deal
18 August 2014 | 6 replies

I have a few questions about "subject to" the existing mortgage and a deal that really only makes sense to me using this type of financing.  If any "subject to" experts or those with experience would help me out I wou...

Connor Smith City Tax Assessment After Purchase
17 November 2014 | 14 replies

When buying a house for a price that is higher than the current assessed tax value would the city always raise the taxes up to match the new purchase price? I was wondering if this varies based on where you are buying...