I just learned that if you start up a company in Puerto Rico and flip a house in California and hypothetically profit 100k on the flip, that since you're incorporated in PR that the USA can't tax that profit. And PR ...

I’m house hacking a legal 2flat. I would like to transfer the building to an LLC. For two reasons; 1. Avoiding liability 2. To remove the rental income generated to me personally and have it towards an LLC. Has anyone...

Hello everyone. Quick piece of advice. I have a home that is already paid of. I would like to purchase another house as a conventional loan and "house hack it" to get better interest on the home and eliminate taxes on...

Hey everybody!My names Jesse and I'm originally from Ohio.  I grew up in a small town and just recently finished my enlistment in the Air Force.  I'm now going to school full time for entrepreneurship and extremely in...

I’m trying to determine if their our any irregularities with the following. I rent under an LLC and feed under separate llc. However I use to rent from this guy whose legal name was on the lease. House was also under ...

If you assign a contract, never taking ownership vs double closing, is there a difference in the way you will be taxed? If so, what are those differences.

Hi, I am a newbie,  my father wants to give me his house, it’s paid off.  What’s the best way to acquire it legally?  Someone once said he can sell it to me for a dollar to transfer the title.  Jumping on here for adv...

Say I bought a property in June 2017.  I then enter into a Bond for Title contract with someone October of 2017.  The person gets a traditional loan and pay me off in December of 2018.  Would this be treated as long t...

Hello BP community, My wife and I own 4 rental properties in Denver, 3 of them single family homes and one is a duplex. This year we are planning to sell one single family home and possibly another if capital gains do...

Ive never had a partner outside of my LLC before. But recently I bought a property on a partnership and I have no idea how to deal with expenses and gains come tax time. usually I would put everything together and it ...