Connie Ly
My First Flip
Hello everyone. I am doing my first flip and confused with the taxes. My general contractor said he will be my sub contractor and be able to get all work done with his professionals. I have questions:1) a sub contract...
Athan McCollum
LLC Creation and taxation perks!
Afternoon BiggerPockets! This is my first post, as a young and new REI I am currently looking for some proper guidance into finding a CPA that has REI experience and can help make sure my LLC is as bulletproof as poss...
Carl Millsap
Need A Legal Work Around To Close A Deal
We have a contract on a property. The owner has the property in an LLC that has been dissolved by the State because they haven't filed annual reports or taxes since they set-up the LLC.The owner filed to have the LLC ...
Andrew Brazell
Florida (Panhandle) STR Tax advice
Hi all!Military couple new to the panhandle in our very first property! It’s a 4 unit- we do house hacking through a mix of leased tenants and STR. We originally planned to do leases only but pivoted to STR to maintai...
Jon Catterson
Is an LLC needed for wholesaling?
Is an LLC needed or desirable to conduct your wholesaling business? I could see giving a link to how to look us up on the Secretary of State's website to show legitimacy as one benefit. Another big one is protection o...
Colin Williams
Long term capital gains tax
I have a question about long term capital gains. My original basis in my primary residence was $230k. I refinanced at $600k with cash out. Is my basis still $230k or does it increase to the $600k? I'm trying to figure...
Richard Warren
Sliding Into The Abyss
The people have spoken. The taxpayers in the People's Republic of California have had enough.
Calif. voters reject budget measures, leaving Schwarzenegger, lawmakers with bigger deficit.
...
William Watt
Multiple Tax Certificates issued by Alabama
Person "A" purchases a Alabama tax certificate in 2008 and fails to pay any further taxes. The state admits to some errors and offered person "A" a parachute and a chance to become current, the does not. The same pro...
Kyle Westerman
LLP or No LLP
We bought our property back in January. Our goal is to buy a property a year so I thought it was a good idea to open a LLP to manage said properties. recently we discussed this with an accountant and he said there wer...
Account Closed
Attorney or Account?
Hey guys, from France. So as I was doing my research on rental investment properties And laws we need to abide by. I realized there are lots of rules and exceptions and rules and exceptions for tax exemptions. There a...