Ross Bernard
Trust No One (when it comes to contractors...)
I found an HVAC tech online who had 64/64 five-star reviews on Google Maps. There was nothing but praise for him, so I gave him a shot. He diagnosed my problem as a faulty control board. He quoted me $700 for the boar...
Jose Soto
When can I begin tracking my expenses for tex deductions?
My wife and I are beginning our real estate investment venture. We're in the process of acquiring our first rental property and we want to take full advantage of deductions related to our business.Do we need to own th...
Elizabeth Lester-Medado
Taxes: LTR file as a business?
I have read articles that say you can file your real estate investment as a business, but two CPAs I have spoken with say no. Does anyone here file as a business? I have one long term rental. I have spent many many ho...
Tony Stephenson
Do I need a business license?
Hello BP,
Does anyone know or know where I could find something in writing saying that I need a business license to invest in real estate in the state of North Carolina?
Kyle Tom
Tax Advice Needed working with friend
Hi BP Members!
I’m finally starting my real estate business idea and am looking for a tax person to give advice / work with.
My girlfriend and I focus on buying fixer-upper properties in Ohio to rehab them to hold l...
Chris Montoya
Cash-out refi on primary residence to buy rental
I'm new to the income property game and looking for some tax advice. I did a cash-out refi on my primary residence in Nov 2019 and purchased a fixer rental property. I spent 3 months remodeling and placed up for rent ...
Michael O'Byrne
Accounting method, implications for rehabbers?
Hi All,
We just started a c-corp to take advantage of ROBS capability, and I'm doing some basic research on cash vs. accrual method for accounting. For a rehabbing business it may not make much difference du...
Nick Rutkowski
Helping Brother start a construction company
Hello construction people,My brother and his coworker are looking to ditch their fencing jobs and become an independent company. They're looking to start out fencing but could get into excavating and other jobs needed...
Weina Shi
Split Up Self Storage Facility Purchase: Business vs Real Estate
Dear fellow investors,I am under contract to purchase a facility. The current assessment is about half of the purchase price so the real estate tax will go significant up. My attorney recommended that I consider split...
Thomas Harpole
Need help calculating profit for a Fix-Flip deal in Denver, CO!
Hi there,
My business partner (Jordan) and I need some help calculating the profit for our recent fix and flip in Denver, Colorado.
We, as a joint partnership, originally purchased the home for
$340,000. Jordan ...