Nicolas Pretelt
South Florida Real Estate Accountant & Tax
Hi community,
I just completed my second wholesale deal, so after getting my check I started thinking about the taxes for the upcoming year.
How does the filing of taxes work for wholesaling real estate...
Redgy Saint-Germain
Help determine bonus check best tax strategy
Hey guys, I am asking as an investor some suggestions and I understand this is in no way "legal advice". Here is the situation I will receive a bonus check from my W-2 job and for numbers sake we`re gonna say its 50k,...
Davidson Francois
What’s the purpose of an LLC???
I’m still learning the financing part of the real estate business but can anyone help me understand the llc aspect of real estate? What’s the person of having a llc when from my understanding you won’t be able to appl...
Lee Common
Fundimental changes in the US economy
Disclaimer this is only an idea I had a few months ago, but would like to know what you folks think.
The way I see it we pay taxes the $$ we pay is just spent as a matter of fact more $$ is being spent than we have. ...
David Drew
Should I have my LLC taxed as an S-Corp?
I've created an LLC in Broome County, New York. It's time to decide whether to leave it as pass-through taxable or choose to have it taxed as an S-Corp. My plan is to use the entity to hold my buy & hold propert...
Rudolph T.
Best tax strategy for >150k earner to own investment property
Hello my fellow BPs, I'm considering of starting my first investment property soon. I have been doing my own research by reading the BP blogs, listening to the podcasts, asked people questions (including my CPA). Howe...
Mike Fitzpatrick
1031 in MA
Hey guys,
I feel like I've asked this question a million times and the answer is no. But I want to minimize my tax burden on a house I am in the process of flipping. I am only planning to hold the house for 3 months...
Dave Versch
LLC or S-Corp
Hi,
I'm about to purchase 1 or 2 rentals. I'm debating over which way I should own the properties -- LLC or S-Corp. My understanding is that the only real disadvantage to going LLC is that you have to pay both ...
Nicole Heasley Beitenman
How to get a house out of a trust?
Asking for a friend; this is all the info I have, but I can request more from him based on your feedack:The family has a house in a trust. The executor of the trust is my friend's mom. It formerly belonged to their de...
Kenyon Williams
Inherited Property Tax Strategies
Hello Fellow Bigger Pockets Members!I’m wondering what are some of the tax avenues as far as inherited property from family? TOD (Transfer on Death) Deed; Gift Deed; Tax Basis;etc What are some of the best strategies?