Terence Purcell
Renting from yourself
With the recent increases to standard deductions - the taxation benefits of owning your own home have been reduced.Being a landlord continues to be tax effective.I have a family member who is looking to buy for themse...
Brandon Mousseau
Advice about a property with existing tenants
Hi all,I'm considering a purchase of a property that needs a fairly significant renovation. The property is currently occupied - the current tenants would like to remain on the property and sign a lease. I have concer...
Gio Fuentes
Axos Bank Reviews/Experience
I am looking at this bank to finance some rentals. Anyone have any experience with this bank?
Mike Hughes
$1499 Reasonable Attorney Fee?
I am heading up a group investment project in a storage unit facility. We will need a detailed and customized LLC and Operating Agreement. I spoke to an attorney who provided free initial advice and charges $1499, all...
Nathan Platter
Canadian using RRSP (401K/IRA) money to JV an American houseflip?
People InvolvedThe friend (Alfonso) is a born-and-raised Canadian citizen and resides there 100% of the year. I'm an American (Minneapolis, Minnesota MN)The Intended DealAlfonso and I want to JV (Joint venture) a hous...
Tyler Martin
Hold My Hand Through Tax Season
Happy Monday y'all,
Its that time of year again: tax season. I currently use Eco-Tax to handle all of my taxes. I find my self getting stressed out using them, mainly because I feel like they are more complicated and...
Zach Matson
The 3 biggest differences with land/new construction deals from flipping.
I transitioned from flipping to new construction basically at the beginning of the pandemic. The 3 biggest differences in land/construction deals vs flipping are:
1. Time - Unentitled land takes 2.5- 3 years to go fu...
Michael Pannacciulli
CPA needed when starting out?
Hi - when do most folks hire a CPA? Before the first purchase, after...after several investments?Also if you are an out of state investor, do you pick a CPA in your home.state? Does it matter much? I don't expect o...
Nick Lawler
Rental Income Taxes
I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...
Mike Gardner
Asset Protection
Do any members have any suggestion for a good asset protection Attorney, not looking for a sales person, looking for a good asset protection attorney, in the Ohio area preferred, or someone familiar with our laws.
Fo...