Ben Brigham
annual s-corp tax strategy
Should a flipper (who is structured as an s-corp) consider buying additional properties before the years end in order to offset higher than normal profits on a tax return?
Adriana Rego
New investor can I use my traditional IRA to invest in RE?
I’m a first time investor and I was wondering if I can use my traditional IRA with Fidelity to invest in Real Estate? There is an opportunity I’m looking into but it seems when I research on line about using my IRA it...
Rebecca Pantschyschak
Can you run properties as "one business" while in separate LLC's?
I've talked to accountants and tax agents and no one seems to think this is a normal situation, but my understanding from the BP world is that people do this all the time - am I wrong? I want to own my properties in s...
Nick B.
Final K-1 and TurboTax
Do we have CPAs familiar with K-1 forms and TurboTax? I got a final K-1 from one of my investments (it sold in 2018) and don't know how to figure out my basis and sales price from the information provided on that and ...
Fahadbin Alam
How much should you pay yourself?
So I got my rental property going and I don't know how much to pay myself.1. How much would would I pay myself? Would it be 50% after all the expenses are done and leave the other 50% so if something happens to the pr...
Ryan Howard
Is starting an llc a good idea for flipping houses?
So I am looking to get my start in real estate investing by flipping houses. At first I plan on using a hard money lender to finance my purchase and rehab costs. Would it be a good idea to start an llc to do the deals...
Jody Bowen
tax guidance and help
Hello...I'm a licensed agent that does a handful of flips and I personally list them.
I purchase them under an LLC and I run my agent stuff thru a PLLC...
Would it be tax advantageous to pay myself a commission on t...
Sean Dezoysa
Shifting Tax Domicile from where I live to where I invest
Hi, I live in New York City and can also move to New Jersey if needed. I am planning on investing out of state, most likely Ohio. 1. Is there a way for all of my REI activities, which are mainly wholesaling and joint ...
Dustin Ruhl
Investment Property Tax Deductions List for [market_city]
ForUncle Sam gives, and Uncle Sam takes away.But in the case of buying local [market_city] investment properties... you can earn investment property tax deductions for real estate investors, the United States provides...
Ray Mungia
Using Self Directed IRA's to purchase FlIps
Has anyone used a self directed IRA to purchase real estate? If you buy a property, renovate it and flip it, do you still pay taxes on the profit if you put all of it back into the IRA, including the amount you pulle...