Carlos Alger
First year LLC, losses and no income. How to file?
Hello, I am hoping a CPA in the group can help me understand this as we are gearing up for taxes and I need some advice so I can make an informed decision. Our LLC files as a S-Corp. Normally if the business is profit...
Account Closed
<<<BEST sub prime meltdown "TIMELINE" BBC
He is a very good time line as to the melt down mess. Scroll to the bottom and read your way up.
Also of note: BEAR STEARN, one of the largest US investment banks wen't POO POO on Friday! NOT GOOD!
Here is the sub p...
Corey Demuth
landlord taxes - help me understand the benefits please!
I keep reading about how there are so many benefits to being a landlord, because you can reduce your income taxes and such...
Can anyone please explain how it works? Like a basic overview? I have heard people talk ab...
Jarrod Covey
Key Economic Indicators Around Austin
K Shaped Recovery?
The National Bureau of Economic Research classifies a recession as “a period of declining economic performance across an entire economy that lasts for several months.”
The residuals of lost jobs, ...
Marc Beaulieu
Approximate taxes paid on sale of investment property
I am trying to calculate the taxes I would have to pay on a house. I bought the house 11 years ago for 370,000 have an offer for 350,000 and owe 285,000 on the house. I lived in the house for ten years and recently pu...
Michael Plante
Can you create a Corp to flip houses and reinvest the profit?
YES Yes I know ask an accountant
It’s Saturday I don’t want to wait until Monday 😀So could a corporation flip houses reinvesting profits into the next flip to temporarily avoid income tax instead of having to 1031?...
Account Closed
Unconventional Strategy ideas needed!
Hello BP! I need suggestions on alternative strategies for the following scenario:-Purchased a property to flip. Currently loan for $650k with a hard money lender.-We ran into a few snags with the tenant that was occu...
Gurpy Ont
LLC Partnership or Corporation structure
Hello BP members, We (two partners) are planning to purchase a cash flowing rental property under an LLC. From what I understand, LLC can be elected to be treated as 1. disregarded entity/partnership for pass through...
Ross Y.
Accellerated Cost Segregation against w2 gains or stock income
Team,I’m entering into a new realm with investing and looking to offset other sources of income with cost segregation combined with accelerated depreciation from real estate professional filing status. If the losses e...
Rick Bradd
Eminent Domain question
Greetings, I have been lurking on BP for some time now trying to absorb as much knowledge as I can, I am primarily interested in learning to invest in notes. That said I have been following any news, forum updates and...