So I recieved a notice today for a $1560 fine for an LLC taxed as S corp that I started beginning of this year.  I didnt file the extension, as the SCORP didnt make a dime ( im an idiot).  I realized after it was too ...

Hi,

I bought 1920 house and gut renovated it. Is there any tax deductions for renovating old house?

Hello! I'm a new investor just starting out and looking for homes to flip in the Long Beach area. Thanks in advance for your support! I'd love to meet up with other BP members in the area as well. Anyone know if there...

Hello Everyone !! First of all thanks for taking time to read and hopefully reply!Yes i know i need to speak to a CPA or a tax professional and the whole nine yards (I know and I will) with that said I'm looking for i...

Hi everyone my name is Aaron and I am brand spankin new to this arena. My wife and I haven been thinking about real estate investing as a means to start increasing some monthly cash and start building our retirements ...

As we go into 2019, figured I'd share a  tax related planning tip that I personally feel will be important for business owners and RE professionals moving forward.  For complete details, please reach out to a tax prof...

Hi BP community,
I was recently driving for dollars when I went past an old church turned dance studio near our city's downtown area. It had obviously gone into bad disrepair, so I thought I'd do a little research on...

I live in Portland, OR, which is a tax deed state, and the nearest tax lien states to me are Montana, Wyoming, Colorado, and Arizona.  Right now I only have around $7k to invest, so I don't really want to spend the mo...

Hello All!  I recently purchased my first investment property - its a 3-family and I am living in one unit.  I am doing a major renovation to the rental units before I rent them out.  Anyway, I was wondering, do you k...

I recently used a personal HELOC to purchase a flip house then rehabbed and sold the house. I decided to use a 1031 exchange for the tax advantages and our accountant told us we can’t use any of the proceeds to pay ...