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I'm a relatively new real estate investor (have one property that I kept after moving out and looking for turnkey rental to purchase within the next two months). I want to better understand tax and legal consideration...
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At what point in your RE Investing journey did you hire a CPA to do your taxes? At one rental? At ten rentals? After creating a business? Trying to determine how much longer I should do my own taxes. Thanks!
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Hi BP,My colleague and I have started taking the next steps to forming a partnership and purchasing our 1st MFH by the end of Q1 of 2021. At the moment, I’m looking for deals, underwriting, talking to brokers and sell...
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Seeking guidance on how best to exit a partnership mid-flip and the tax implications I should prepare for.Detail and timelineI bought a duplex in January for cash - standard closing with the buyerIn May I let a partne...
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Hello Indy BP community,I plan to visit Indianapolis next week (3/21~3/23) to view potential investment properties and to get a feel for the city. It is my first time visiting there, and I would love to connect with ...
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I am writing to introduce myself as a new member of the real estate community. Having recently embarked on my journey in learning the real estate industry, I am eager to learn, grow, and contribute to our community.
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Sam here. 28. Located in San Diego, California. I currently Work in real estate, and also a business owner. Dropped out of law school after year 1, because I didn’t want to go into an intense amount of debt and law is...
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NYC Hi everyone,The tenant that I've been in housing court since June (tenant using textbook excuses to delay court) had the city issue mice, roaches and window guard violations on me before our next court date on 10/...
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I've been remodeling a 4br 4 bth house in Yorba Linda , CA for a friend who now lives in Washington State and has his residency there.
He is set on selling the house. How can I explain to him the tax benefits of ren...
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Fix and flip real estate investing can be lucrative, but it's not without risks and challenges. Understanding and avoiding common mistakes can significantly increase your chances of success. Here are some key points t...