Patrick Hepner
Want to begin landlording... can parents buy house?
Greetings, first post here!
Let me be clear that I have no properties currently and am still in the learning stage of real estate investing.
Having said that, I have a question:
My mother has offe...
Scott Hollister
HELP: Need to teach owner about benefits of seller financing 1031
Hello,Im working on an off market apartment complex with an owner. I know he wants passive income and I wanted to provide that value for him. So far I have these Benefits of Seller Financing: Higher Price: I can pay m...
Viren Perumal
Complex exchange with many steps
I all I would appreciate any advice from folks that have a background.My 1031 Intermediary told me to speak with a CPA and the CPA told me to speak to a tax lawyer.... I have been part of an LLC that has owned 2 adjac...
Robert Anderson
Trying to figure out taxes on my first flip. Capital gains or no?
Hi, I purchased a house in Rockland Ma last May 27th 2016. It is a flip, and i'm getting ready to put it on the market. I am trying to figure out what I will owe for taxes. I'm looking to be creative and maximize my r...
Shaun Rowan
Renting a from self owned LLC for tax purposes
My wife and I currently own our own house in our own names. I've been looking in to ideas of how to write off rental income. The way we have the LLC set up, it roles its income directly in to our joint income, Texas i...
Patrick Rowe
What do you think about this deal
I have my first rehabb under contract for $62,000 it's a 3br/2ba 1531 living area. I have a local bank that will finance 90% of the deal. There are housing in the area selling for $90 per square foot. My banker had th...
Zachary Himes
Cash out an investment to pay off student loans - Avoid Cap gains
Here is the situation:
I am 20 years old, I invested in bitcoin at $7000 a couple of years ago, I'm planning to cash out soon in order to pay off my student loans (64k total between both me and my fiance). Me and my ...
Yash Sharma
Real Estate Loss Carryover to Offset W2 Income - via Corporation rather than LLC
Hi all - new to the community and wanted to ask a question about the real estate depreciation / cost seg strategy and using resultant depreciation to offset W2 income. I understand this is a long-discussed topic but h...
Colton Saucier
Maximize Deductions For High Income Earners
*Incomes over 8-Figures*So I’ve tried to avoid publicly coming out as far as what my financial situation will look like going into 2021, however I keep getting conflicting advice from each new CPA and tax attorney I s...
James Munoz
Looking for tax filing advice in Houston!
Hello BP family!
I have a question regarding getting my taxes filed for my LLC. My team just formed the LLC and opened a business account in the middle of December last year 2020. We have not had any cashflow or pos...