Vadim Sedletsky
LLC Question - Where should one open an LLC
Hi BP professionals,
My question for today is where should one open an LLC - is there a difference? benefits opening in a specific place vs other places?
I own a couple of duplexes around, but all of them are regi...
Maria Villamar
Helping a seller retire in Guayana
My seller has a nice portfolio he needs to sell ASAP because he is yearning to move back to him home country and retire. However, he has been less reachable in the past week and I have not been able to purchase such p...
Chris Ivy
Colorado tax filing for married couple on rental property
I live in Colorado and my wife and I bought our first rental in October of 2019. We're co owners on the title. I just met with our tax preparer who said that since we are 50/50 on the title, we will need to prepare a...
Chad Bailey
Want to Use IRA $ for REI - Who Do I Consult? Tax Att., CPA, CFA?
Hello and thanks in advance for any constructive advice,Long story short, I was laid off last year and cash savings are all but evaporated. I've chosen to fund my first REI with cash from my self-directed IRA. Can a...
Erica C.
High earner looking to off set tax bill with real estate
Hi! My husband and I are high earners from our day jobs this year and will have a very high tax bill. I am wondering if buying a property and renting it will help to offset or federal income tax that we will owe at t...
Stephen Polizzi
Xero CPA Recommendation
I'm looking for a CPA fluent in Xero to work with. Bonus points for either being in NH or working with NH clients, but will settle for a willingness to be able to figure NH laws out. Looking to have a checkup done on...
Nic DeAngelo
Sell My Business —> Invest in Real Estate, Any Tax Strategies?
Hi Guys!
I have spent the last several years creating and building up several businesses here in California. I would like to now sell these businesses, take these funds, and invest full time into real estate.
Are ...
Patricia Andriolo-Bull
Suggestions for a STR LLC strategy
Hi. I understand the pros and cons in general of LLCs. I know often times people on this forum say they are unnecessary and don't always protect against liability and just get a good umbrella policy. That said, I d...
Wayne A. Scully
Utilizing the 14-Day Rule for Short-Term Rentals: Tax Benefits for Homeowners
Hey fellow BiggerPockets members!
Have you heard of the "Augusta Rule" or the 14-day rule when it comes to renting out a portion of your primary residence? This tax provision allows homeowners to rent out their space...
Dylan B.
Saving on taxes by splitting up property before sale
Hello,My grandparents are selling a piece of property for about $800k. Apparently someone told them that they could save on taxes by splitting the property between multiple people and then selling it. I guess the logi...