Pat Bruton
How are LLCs taxed?
I am leasing a property that is in my name to an LLC who will then be subleasing the property out as a furnished short-term rental. I know that landlords don't pay self employment taxes, anyone know if an LLC that sub...
Lawrence Lloyd paclob
How to determine the price you pay for taxes and other expenses
Hello BP,I would like to ask some newbie questions, *Is there a typical percentage you pay on taxes for the profits you make from your rentals? If so, how would I determine how much I will be paying in taxes to budget...
Marc Aragon
Should I tell my tenant I've filed for eviction?
I have a tenant that is two months' behind on her rent. Additionally, her lease ended on the June 30th. It's now July 3rd. There is no provision in the lease for a month-to-month tenancy at the end of the lease. I...
Michael Plaks
Tax reform Q&A Thread 4 - New creative tax strategies
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of new creative tax planning strategies, i...
Al D.
How to tell if what’s in a K-1 is UBIT and you must do a 990-T?
I (my SDIRA) received a K-1 with “current year increase” of $2,749. This is for a real estate syndication. I was not expecting to be hit with UBIT until the end of this partnership, when equity is to be liquidated. ...
Stephanie Choi
Best state to file an LLC for investments?
What is the best state to file an LLC for investments? I've heard different things (home state, Texas, Delaware, Nevada, Wyoming) online and from other peers but not sure if it differs specifically for RE investing. I...
Tyler Sample
Please Read!; Texas Residents; Creating an SLLC a good idea?
My questions are:1) I intend to be a life-long real estate investor within the State of Texas. I will be inheriting one property in the next month that I will turn around and sell immediately and then potentially purc...
Tiffany Da Silva
Advice needed on real estate LLC business banking & Organization
Hello All,I have been investing for the last 4 years in real estate and am on the way to purchasing my 3rd property (a flip :)I am having a hard time knowing how I should organize my incomes, expenses, taxes, ect for ...
Neel Brown
Rental/Landlording bookkeeping software or template
I own and manage a duplex neighborhood with 12 doors in Texas. I currently do my own bookkeeping with a pencil and ledgers. Does anyone have any recommendations for landlord software or templates (like Excel)? I am ha...
Olivia C.
Charitable Remainder Trusts - tax strategy opportunity
Many of us plan to leave a good portion of our estates to charities. Charitable Remainder Trusts can be good vehicles for this while reducing taxes. Here are two articles I found. Link to original article at the ...