I am a single member LLC, or sole proprietorship. I have purchased a home, teamed up with a GC, and will be funding the rehab. The GC (who I trust) needs a card tied to this LLC business account for material spending....
Greetings my name is Gail Boucher. I 70 y.o. and own a 3 family which im sick of being a landlady. I bought the house for 230 in 2007 and its worth 600 now. I dont want to buy another rental obviously but i want to av...
Dear all,I am readding NOLO's article referenced at the end about how new Tax Law changes 179 expensing.Do I read it correctly that I can write off a car cost (new or used) 100% using 179 expensing?My scenario:- Me an...
I am expecting to receive my annual bonus, and I would love to invest as much or all of it into real estate, but every year around $7k are taken out in taxes. Where can I deposit my bonus where the least amount of tax...
I have appx $250k worth of active income this far (commercial real estate broker), and I have another $300k in income coming (though I am rolling my fee as equity into the deal so it will not be reported as income on ...
Investors should be focusing on appreciation and not cash flow with rentals in this shifting market...
Looking for y'alls input. My husband and I are looking to purchase a property as an Airbnb. The cost of the property is 450k. My husband is a real estate professional and with this being an Airbnb that I will self man...
trying to get a handle on how much bonus deprecation and cost seg deprecation a MHP or RV park would throw off .thank you in advance for your kind reply's
Hello BP!I'm in a somewhat interesting tax situation this year and I thought I'd get some feedback on my strategy (having never done it before). I'll be selling a non-real estate asset (portion of a business) for a si...
Hey all,I have a regular W2 job that provides a substantial bonus check annually. Over the years I have heard of gossip that changing my withholding for this single paycheck is the best tax strategy. My employer combi...