I have several rentals in Texas and Kansas. Years ago I listed my mobile phone number on contracts and tax forms that were likely filed by the local county. Unfortunately wholesalers and businesses has gotten access...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
I have recently heard of an interesting tax-saving strategy of how to convert traditional IRA to Roth while paying very little in taxes. I would like to share it and get some feedback.
In this example I'll use a trad...
Hello Community! I am just starting out in the real estate investing world and am currently looking for my first investment property. I'm planning to form a LLC as soon as possible. My question is, as soon as I for...
Hi guys,Not trying to wear a tin hat, just have legitimate concerns and am curious if I can get insight from people more experienced than me when it comes to the current market and what may be ahead. What we're lookin...
Is it better to open a business under an llc or an s Corp for a rental property company.
Hi everyone, I am new to Bigger Pockets and had a quick question. I was wondering if we use a personal loan to purchase a cheap foreclosure and use that to purchase the property as well as use it for the cost of repai...
I’m trying to calculate my expected real profit vs the basic formula and seeing income tax taking a hefty chunk out. Is this right? Can you please correct me where I’m wrong? Simple numbers for sake of conversation ...
purchase: $150,000
repairs: $3000, time & sweat
rent income: $1300
97% owner financing @ 6%
My only issue is that the owners want to keep the contract of deed. my agent advises against this. any advice? thanks
I acquired the tax certificate in 2017, and acquired the tax deed in 2020. The quiet title was completed January 2021 but Fidelity National Title will not provide insurance until I've have the tax deed for 3 years. An...