Rehaan Khan
HOW TO BEST FILE TAXES ON A FLIP?
Hello everybody,
Hope all is well. I bought a condo last year on my personal name, did the work it needed & sold it later. To those who have done this before & have experience. What is the best & busines...
Zachary Gwin
Deal Finding Strategy - Divorced Couples?
Hey BP,So this has somehow been brought to my intention and I'm interested if anyone has some insight on the matter. Is there any way to locate soon to be or recently divorced couples who own property? I know it's not...
Jaime Mejia
How would you structure a live in property manager?
Hey everyone, I have a sfr split like a vertical duplex. The basement has a separate entrance and is doing well on Airbnb. The rest of the home has 4 (potentially 5) bedrooms that I want to rent as individual rooms me...
Lisa Patton
1031
Do anyone know how long you can own a property without paying too much capital gains?
Paul Stern
Closing in less than a month and we found evidence of termites
Hi BP'ersI have a contract on a 12-unit apartment. Both buildings show evidence of dead termites. One of the buildings shows evidence of treatment for termites. The other shows evidence of damage to a partition wall i...
Al Boettger
Incorporate in Nevada?
I am from NJ, and about to set up a RE investment company. Normally would have set up an LLC but heard just last week at my real estate club-as an advertisement hook for our January meeting which will deal on the sub...
Chris Bluem
Entity Structure and Tax Planning
Hi, I am looking for recommendations for firms that provide setting up correct entity structure (S-Corp on operating side / LLC on non-operating), and also provides tax prep and planning. Real estate and short term re...
Nick B.
IRS Audit & Partnership
Hello BP,I am considering partnering with an individual who is bringing me a deal (apartment complex).However, he told me that he is being audited by IRS. Is this a deal breaker for me?I am concerned that IRS can go a...
Kerry M.
UBTI - Do these provisions apply?
After repairs, we plan to cash-out refi, repay the 401(K) and rent also. If UBTI on Debt-financed property applies, does it stop when we repay the loan? Or does it start when we've afterwards collected 1,000 in rent...
Daniel Overby
The Issue of Smoking Tenants
Smoking inside of a home is one of the more expensive types of damage to remedy. Sometimes it can take ripping out all flooring, trim, and fixtures, and adding layers of paint everywhere to block out the odor. Most le...