William Allen
Calling all accountants; property in my name or LLC?
I am getting ready to put a property under contract and I need to decide if this will go into my name or the name of my LLC. Can an accountant please help me out here with my logic please?Facts to work with: I am ab...
Mike Mitchell
Taxation of single member LLC
My accountant reported my interest income from my mortgage note portfolio as interest income with no schedule c. Could I lower my tax liability by reporting the interest in another way? This came up because I had an...
Mak K.
Transfer Rental Property from One LLC to Another LLC
Hi,I need to transfer a property from A1 LLC to another B2 LLC. It is paid up property with no mortgage or leins.> What is the process and how much does it cost? Is it something DIY?>For the Tax returns, how doe...
Jay Neaves
Conventional Lending - What are my chances?
To give you a brief overview of my situation... I'm from the UK, my wife is from Michigan. We currently live in the UK but will be moving back to Michigan next year. I'll be a full time real estate investor.
I'll h...
Farhad Shir
Seeking accountant advise for foreign income tax US real estate
Hi, I am Canadian investor in US real estate in Indiana State. My goal is to flip property under individual name. I am seeking advise of accountant familiar with foreign income tax in US real estate and have followin...
Eva Hambrick
What are you looking for in a CPA
Good afternoon, I am a semi new real estate investor( my husband and I converted an old residence into a rental once we moved into a new place) and have started to attend real estate meet ups in our area (Eau Claire, ...
Austin Montgomery
Private Mortgage Note: Income or Capital Gains?
I am currently working on a commercial deal and will be purchasing the property with a private loan from some local investors. They will hold a mortgage on the property, which will be amortized over 20 years, with a 5...
Bobby Perron
Need to sell properties for cash, how to evaluate which to sell
So we would like to hold onto all of our properties, but we need some cash and have to make a decision on which property/properties to sell. How should I go about evaluating our 10 properties, and determine which I sh...
Jameson Sullivan
Rental Income Taxes When Using LOC to Purchase
Hello All!I'm wondering if anyone might have an answer on this for me. If I purchase an asset with cash, then borrow a line of credit against it to purchase a second asset then use 100% of rents collected from BOTH as...
Sal Zizzo
Looking for a real estate tax pro in San Diego
Wanted to see if anyone could recommend a tax professional that specializes in real estate based out of San Diego