Karen Seale
How to calculate 1031 Boot Taxes
Hello everyone,We have been searching the posts here on BP and still haven't really found a specific answer to our question. How do you calculate tax on a 1031 Boot? Here's our situation: We sold one property and...
Chris H.
Becoming a Note Originator
I was wondering for the purpose of starting out, if the premise of this strategy would work. I would like to get into Note Investing. So I was thinking, could I as an individual take financing from my own LLC to buy...
Alexis Zion
Simple Accounting question for book keeping and Profit and Loss
Hi AllI have a simple accounting questionI had to buy a $30,000 Furnace for one of my building, in March 2014I am making payments on the unit for about $2000.00 a monthDo I record the $2000.00 payments on my books as ...
Rebekah Brown
Partner equity split/structure - BRRRR turned into Airbnb
I have an opportunity to partner with someone I trust, who is dependable, does good work, and has all the skills that I do not. He would be doing all the work from finding the deal to doing the rehab. I would be bring...
Martin Saenz
Strategies for your Note Investing business for 2020
Curious, what if any, changes everyone is making for 2020 given the ever changing note climate? I.E. Are you staffing up, committing more resources to dealflow, raising additional capital, selling off your RPL's, etc.
K C
Do I need an attorney or accountant - Planning on renting my home
I am trying to determine if I need the services of a real estate lawyer or an accountant as I determine whether to sell or rent my current home. My situation, and questions, are as follows:
My wife and a I are going...
Christopher Tritch
Someone gave me money to invest. Is it subject to income tax?
I'm just beginning my real estate career. After hearing my plans, an acquaintance gave me money under the condition that we would split the profits. This money is now in my LLC's bank account. Does the IRS consider th...
Doug Effinger
How does syndication depreciation work.
As an owner of a couple of duplexes I have benefitted from depreciation over the past 20 years. I am now looking to move into passive investing and still want the benefits of depreciation to lower my taxable income (i...
AJ Nair
Lessor's Risk Only Insurance Polciy
I own rental properties in Florida. I have them free and clear. The insurance I have on them is "Lessors Risk Only" which covers my liability as a landlord. No property damage coverage - which means I have the risk of...
Cy Delgado
Buying one of my mom’s properties
I’m looking into purchasing one of moms properties that has been a rental for 11 years and making it my first rental property. She owes about 70k on it and she’s graciously offered to sell it to me for the remaking ba...