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Hi there, my question is really around taxes, I'll admit it is not my strong area and I do have an accountant that I will advise but figured I would see what discussions are generated here.So for my example, I have an...
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In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the ho...
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Anybody have any thoughts or experience with these things? We have a termite bond company that identified old activity (unknown how old) but not active and wanted to charge $250 for a preventative treatment.
Thanks
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So the title might be a little extreme, but this is our first go at this and aren't sure. We are supposed to close on our first flip tomorrow! It is a townhouse we bought at the courthouse and luckily the rehab was j...
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TLDR: Lesson Learned: If you are buying a property to house hack and the unit you intend to move into is occupied with tenants and collecting rent after closing, then for tax purposes, it will be considered a short te...
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Hello everybody, I am getting close to my firsts purchase in the Dayton area. Two questions for the experts there:1. What things you think I shoul give especial atention in the Inspection of the Property? 2. Any good ...
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Hi Everyone! Hopefully there is a CPA among you for this question.I put my first offer in on a property that I intend to flip. I've read in these forums that it makes the most sense to set up an S-Corp for the purpo...
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I have owned my duplex for 2 months in Ventnor, NJ and I have since renovated the 2nd floor apt one and I have refinished hardwood floors throughout. Presently, the duplex is bringing in $2100 monthly for both units....
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Ladies & gentlemen,
I am selling some properties, which is great in a seller's market, but looking to exchange, which isn't great in a seller's market. An option I'm looking at is to partner with someone using a...
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Hey all!
I hope all is well :)
When it comes to real estate investing, I've heard that many investors choose to form a two-member LLC with the default tax status as a partnership. However, I'm curious to know if it'...