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Hi Guys!I am just starting to get into real estate! I will borrowing private money to flip houses. I want to register my business (in NJ) but I am confused which entity I should register under, LLC or S-Corp or any ot...
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I have a CPA who I think is good. My business partner also has a CPA who he thinks is good, but they are giving conflicting advice. My partner and own a couple different LLCs together and would like the tax advantages...
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Hello everyone,I sold my investment property last year and realized a capital gain. I also invested in a syndication for which I received my first K-1, where box 2 shows a net rental real estate loss. Can I use that ...
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Hello Everyone,A few months ago I entered into the whole world of investing in Rentals and because I want to have more than just 2-3 properties in my portfolio in the next years, I decided to establish an LLC.I establ...
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Hello all,I'm wondering what's better for tax benefits and over all for RE investors, LLC or S-CORP?Thanks!
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I wanted to post this to let others know if they don't already. I found out that I could search my states license web site to find GCs in addition to other types of licensee's (is that right?). I also can search for c...
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We just finished a rehab and put the house on market. We are at mutual right now and my partners would like to change our Llc to a S Corp. They say it is better for tax purposes. We will also dissolve the S Corp after...
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I just had a discussion with my CPA regarding writing off expenses year 1 of ownership. I purchased a rental this year and have already incurred about 7k in repairs. He says I cannot write these off this year, but nee...
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I am sure we are going to see a lot more of this in tenant friendly states with an election on the horizon, where they are going to be looking to start putting a cap on rents. Is anyone else seeing this in their area...