Andrew Yu
Tax Questions on Using My Home's Rooms As AirB&B
I'm about to make my spare bedroom's AirB&B live. My question is what's the best way to report my income on this and also reduce taxes? Put my home in a LLC? We don't want to miss out on the zero capital gain when...
Felipe Lecaros
CPAs help! Form 2555 (Foreign Earned Income Exemption)
Hi all,
I am aligning everything to do my first REI in the U.S. and I am wondering if there is any CPA out there that can help with the following: I am a U.S. citizen living and working overseas (for 6 years now). I ...
Gainet M.
Tenant purposely running water
What can I do in reference to a tenant who’s leaving soon, purposely running the water to run the bill up?
Any recommendations would help, thanks.
Kyle J.
How do you account for interest paid to private investor?
If I get a loan from a friend/family member/private investor, how do I account for the interest on the loan I pay to that investor? I know if I were borrowing from a bank they would issue me a 1099-INT form at the en...
Shannon Grierson
Quit Claim Deed to 2nd party then repurchase?
Currently our LLC is on the deed for a rehab we are finishing up. We would like to purchase the home for personal use but need to cash out the market value to pay back investment into property. Does anyone know if w...
Mickayla Fatovic
Looking for Recommendations for Syndication Attorneys; 506b/c
Hi all, I'm currently in the process of looking for more syndication 506b/c specialty attorneys/firms. If there is a professional that is highly recommended, please let me know because I would love the opportunity to ...
Joshua Davies
Multiple Member LLC & DTI
Hi All,
I have recently created a new LLC in TN for the purpose of Real Estate Investing and the LLC has 3 members (33.3% each) including myself and 2 foreign investors from the UK. As my partners are foreign, they w...
Jeremiah M.
any help for operating agreement
Hey guys i just formed my LLC and I have an operating agreement however i really dont know if i get it notarized or what exactly to do with it. thanks in advance for the info.
Inna Young
How the building assessment rolled into the sale price increased the property taxes
Our condominium building, comprised of 36 units, located in Broward County, Florida, underwent a substantial assessment in 2021. The owners of two-bedroom units were required to contribute $72.5k, while one-bedroom ow...
Rob Beland
Hard money loans to business entities
Can somebody @Ann Bellamy please explain why hard money lenders only lend to business entities and not people? I'd specifically like to hear about any Massachusetts laws/regulations. Thank you.