Hello BP Members,So far I have been doing my Buy-n-Hold investing inside of my SDIRA so have not had to worry about the 'tax efficiency' of things so far. But, I am planning on buying some properties conventionally in...
I listened to a BP pod cast last month and someone said if your business is to flip homes, you do not need to pay capital gains tax for less than 12 months. I mentioned this to my CPA and they were not aware of any s...
My dad and I have partnered up to invest in real estate. His credit is lousy but his house is paid off. My credit is good. Can he just give me his house, and later on I utilize the equity and my credit score for a refi?
Has anyone gone through the process of applying for the tax credits associated with renovating in a historic district? Question I have: 1) How difficult was it to renovate to the historic architectural standards?2) Di...
Our elected leaders have the unique opportunity to not only help small businesses, keep industries working, combat inflationary pressures in the housing markets and at the same time make housing more affordable for mi...
A realtor told me that New York City would charge a higher property tax on an investment property and suggested that I change my mailing address for tax bills from my primary residence to my investment property in ord...
I am wondering if anyone knows how capital gains work state by state. Does Utah follow the same capital gains exemptions status of living in a primary residence, married for two years or more - with a gain of less tha...
Can someone explain this to me?In "Rich Dad, Poor Dad," Robert Kiyosaki says "The reason I minimize my income is I don't want to pay it to the government. That is why my income comes through my asset column, through a...
I have a holding LLC setup as a partnership and an operating LLC who's primary member is the holding LLC. For federal tax purposes the operating LLC is a disregarded entity. Do I still need to file state taxes on the ...
When you're part time wholesaling while working a day job how do you handle your taxes? Do you set aside 35% from wholesaling then pay quarterly? Then do you change the way you file taxes on your day job? Sam Williams