Anas B.
Tax Considerations for Flipping
Hello all,
What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip).
Would my tax planning differ in each of the t...
Jeff Ostreim
Thoughts on high cap rate multi family
I am going to be looking at a couple of multi family properties a few hours from where I live. One is an 18 unit multi family with a mix of studios, one bedrooms and one 2 bedroom. Asking price is $650k and at about...
Mark C.
Real Estate LLC import to TurboTax
I have been doing my taxes for my rentals thru an LLC for almost 10 years using Quickbooks 2008. I usually just send the necessary forms to the accountant to do my taxes. I have had some issues of late with the Accou...
Therese Drapeau
Best way to introduce yourself as new landlord?
Hi there,I will be puchasing my first income property shortly and would like to know how others have introduced themselves to the tenants. Want to make a good first impression while being professional. Any thoughts?
Amul Sutaria
Real Estate Schools in Northern New Jersey
Hello Everyone,I am looking to get my RE license in a month or so, but I want to know what schools are good. Anyone have any advice or a recommendation? Thanks!
Justin Aymer
Verbal Offer Accepted - Now What?
BiggerPocket Folk - I need your advice. I am new and my investor friend is out of town for a while. I put in an offer on a duplex and they accepted the offer. I have no idea what the next steps are.
The pr...
Justin Brennan
LLC entity tax return costs?
Hello, what is the typical cost range for CPA tax returns on an LLC entity on a syndication with 10 investors? Multifamily deal. Standard 70/30 structure, nothing crazy or weird. Thanks
Jacky Lieng
Closing advice on bank owned property in Amador county
Hello,
Currently in the final stages of closing on a bank owned property in Amador County in California.
I asked my realtor to ask for a price reduction on unforeseeable deficiencies on the house from our well, sept...
Blessing M Noah
Filing investment property tax
How much is your accountant asking u to pay to do your investment properties taxes? Mine seems to be charging a lot because he said my 3 properties are in 3 different States and besides filing investment property taxe...
Mihaela Popa
My first investment condo
Hi, I recently had my offer accepted for buying a condo in the building where I am already living since 2011. HOA does not let me rent it for the first 2 years. So, I will make it my home office during this time. This...