I asked my CPA about shifting $6,300 to each of my kids on my tax return for the work they did in my business. He told me I would have to 1099 them. Is that correct?

Hello BP I had a couple of questions for you about the attached RE ownership structure.   Specifically:1. For the WY LLC that has a S Corp taxation election does it operating only as a holding company for the other LL...

I have some money coming in and would like to be a transactional funder. Do you have any advice? How do I ensure the money is lent out every month? How do I compete with a plethora of transactional funders out there? ...

Hello All,I am new to all of this and have been analyzing about 5 multifamily properties a day and the biggest bump in the road is always money! I am currently an active-duty Air Force meteorologist , putting some mon...

I have my eye on a couple of markets - local and OOS - I see potential in each one on my list for different reasons, and with different strategies. Given current market conditions, how on earth do I settle down and ch...

Not sure if this is the right forum to to post in but I'll post here anyway. So my family and I planning to move to Florida in the next few months and so we are trying to analyze a decent market to move to. We plan to...

Good evening BPers,I wanted to run my specific situation past the collective of you in hopes of some well thought out help. I'll give wavetops and hope to get some decent advice on moving forward.Situation: I'm a real...

I have a tax question. My accountant of 12 years does not have any clients that flip houses, she has buy and hold but no flippers. Also her father was actually my accountant for 10 years and he passed, so she took ove...

My long term goals are to build a real estate portfolio, with a mix of long term and short term properties. Long term hold on multi-family properties using the BRRRR strategy are my ultimate goals. I don't currently m...

Hello, I am evaluating an option with my wife to turn our current primary home into rental properties within a few years as my first step to becoming a real estate investor. Getting the expert's opinions on this would...