Hi,I plan on getting out of rentals because it is becoming harder to be a landlord in Maryland.I'll be selling them.. but was wondering if it is a bad idea with regard to taxes to sell all of them right away.I underst...
I currently have some capital to my name and am trying to reallocate my funds to start a real estate portfolio. I'm a one income household and am looking build a solid foundation for my family before I take on more r...
Looking for a CPA or accountants advice about the tax implications of fixing and flipping a single family home. When I resell the home do I just pay standard income tax or do I pay capital gains tax as well? Can I ded...
Hi everyone,I have a (complicated) question regarding double closing, foreign investors buying and selling properties in the US, and beyond.Due to our current situation (long story), we cannot afford to have extra i...
New PM with local real estate brokerage. Need to know what best legal business entity to establish as independent contractor? I assume it is necessary to begin with?
I’ve been trying to find a tenant for one side of my house hack. An applicant turned in their application and it’s the best i’ve gotten so far, great credit score, no criminal record, no eviction history. The only iss...
I am not managing my property and have a property manager, so I get a reconciliation of what the property makes minus the charges for the supplies, repairs, etc. I currently use Stessa and their bank to manage my acc...
Good Morning. Seeking some advice and feedack from those who have had to use a qualified intermediary to handle their 1031's. -say you have 5 deals on the year whatever that be wholesaling or flipping, do they charg...
I have one property that I'm using the BRRRR Method on and as i am getting closer to renting it out. I'm little confused on how to manage my finical accounts as i scale up. Do i have a separate account for each home o...
I just set up my solo 401k under uDirectIRA, and the LLC that will be 100% owned by the 401k, and ready to buy real estate using the LLC.
My question is regarding taxation. Should I give my LLC's EIN number or my 40...