Any tips on starting a wholesaling business with a partner?
Two Questions...1. We are building a vacation rental in Montana. Cost of the build is about $550k. Not including the land costs. If we’ve spent $300k on the build in the 2019 calendar year, will we deduct that entire ...
I'm a physician with a fairly high W2 income (and thus high tax liability). I've wanted to get into real estate for a while as a means of diversifying my assets and reducing some of my tax liability. I'm facing a $280...
Background: Just starting out, and I'm trying to wrap my head around how to get set up. Strategy is to BRRRR or buy-and-hold SFH. Great personal credit (780+). Planning to start small and grow into something bigger th...
Hi AllI know most of you are busy getting your tax filed. I’m planning to create a llc, and looking for a good online service that walks me thru the process. Some websites offer registered agent but just wanted to che...
Hey community - Struggling with when we need to bring on a CPA who is REI-focused. Our current CPA has done our taxes for several years (W2 and small business income) and we believe they've done a good job. We purchas...
What program does everyone use to to keep books on your properties?
Yippy made some money in my first year flipping...now time to figure out my taxes. I'll preface by saying I'm a CPA but don't let that fool you as I was just a former auditor with probably no more expertise in taxati...
Good afternoon everyone!
My wife and I are moving to Virginia in three months and will start flipping houses when we get there.
We’re getting an LLC and S-Corp set up now so we can hit the ground running when we ge...
Hey Everyone! So I'd like to gain some feedback from those who are fairly knowledgable in dealing with Capital Gain Tax on selling investment properties. From my current understanding Capital Gain Tax are assessed bas...