I suppose I should be consulting a tax attorney but before doing that I decided to get some feed backs from other real estate experts on this forum.I had 2 real estate investments which I sold about 1-2 years ago unde...
Please recommend an accounting firm for book keeping and filing taxes for LLC and contractors for a group home (operating from Laveen/Phoenix)
I have a solid ROTH IRA and I was interested in using some of the contributions as the down payment on a property. That money has already been taxed (as per the definition of a ROTH IRA). However, once that money ge...
My Mother passed this year and had all her real estate (8 rental properties netting about $100k per year) in a revocable trust I'm the trustee of the trust now. It's my understanding that the trust has automatically ...
Hello Everyone,
I have decided to form a LLC for my next rental property. After speaking with an attorney I have a decent grasp on the pros and cons of having my wife as a Co-owner of the LLC. When asking about the s...
Hello,Would I be double-taxed on income tax if I invest in Indiana as a CA resident? Does this happen at all (in any state-to-state taxing), or are there always credits (i.e., paying Income Tax in only one state)?
Hey BP! I'm trying to learn more about capital gains tax when selling a rehabbed home or refinancing for the equity. I've heard some say that holding for 2 years is the minimum to avoid capital gains, but I've also he...
Hi Guys!I am just starting to get into real estate! I will borrowing private money to flip houses. I want to register my business (in NJ) but I am confused which entity I should register under, LLC or S-Corp or any ot...
Hello BP Community
I have a question and hope to get as many answers and opinions as possible.
Has anyone registered an LLC but elected to be treated as an S corporation? I have read about this in many sites and a...
Hi, this post is relevant to Canadian residents who are investing in US rental properties. With regards to setting up a company structure for these properties that will avoid double taxation on rental income in US and...