Chris Lynch
How expensive is it to become a broker?
I am wondering how expensive it would be to become an independent broker? Has anyone looked into this? No employees just you.
Odell Cregger
Should I file a 1065?
A partner and I formed an LLC in November of 2019. We didn't contribute any money or obtain our EIN until after the beginning of 2020. Nor did we do any business or have any asset under the LLC. When I received the...
Account Closed
Starting the Business as Husband & Wife Team - Tax Deduction Q's
It's happening. Our first REI purchase on a single family buy and hold out of state. We will not make enough money this year that would lead us to want to open an S corporation or an LLC. I just want to get started so...
Michael Ndjondo makadi
Can trip expenses to go buy a first house be tax deductible?
Good evening to all.I am just getting started in my RE investment journey and after long thoughts I have finally decided to invest in Wichita, KS even if I live in San Diego. I have lived there for a couple of years a...
F Dominic Versailles
Business Line of Credit
Does anyone know where I can get a business line of credit for a startup LLC?
Barry Cooley
Newbie tax questions
Ok all you smart BP members, I have a couple of tax questions. I'm new to real estate investing, and haven't made my first purchase yet. I have been trying to get some things in order while looking for a property.
1...
Jasmine Anderson
Taxes for my single member LLC
Tax question for accountants, CPAs, or anyone that has knowledge on tax law: My LLC was formed late in 2015. Before the entity was officially formed, I had expenses that went toward my real estate business (RE courses...
Michael Modesto
Deducting Travel Expenses from Taxes
Hello BP community!I live in California and plan to invest out of state. To get started, I am planning to visit 2-3 cities for a day or two to learn more about the areas and view properties.My question is, since I'm ...
Sarah Lawrence
deducting expenses when properties fall through
Hello. I am wondering how everyone deducts their expenses when offers fall through such as wire fees when they do not have ownership of that property for tax purposes.
Stacey Adams
Anyone every cashed in retirement funds instead of rolling over?
I am debating if I should take the penalty hit on cashing out my retirement fund and be free to invest the money however I want. I know everyone says its better to roll it over to self-directed but I need the money f...