Tomasz Jurga
House Hacking a Duplex
A question for those with experience house hacking a multi-family house:What was the most financially-intelligent way to utilize your tenant's rent to apply it towards your own mortgage payments? I plan to own a duple...
Matthew Tyer
Can I write off a loss on a house flip?
Let me start out by saying, this is my first investment property and I have learned a lot about the whole process. I bought it this year and originally I wanted to do the BRRRR method on it but now I just want to get ...
Hunter Wolfe
What are the legalities of doing my first deal with a friend?
Hello!My friend and I are looking to do our first deals together. For those of you who've done deals with your friends, what do we need to do, legally, to get going? Do we need to set up an LLC? Or can we both work to...
Anthony Arias
LLC's S-Corp vs Corporation selection for tax purposes
Im a newbie investor. Stupid enough to create an LLC on 12-01-14. Now I have to file taxes for that LLC. I have no partners and plan to wholesale properties. Should I classify my LLC as an S-Corp or Corporation? ...
Claude Hodge
Start-up capital deduction?
Hey everyone! Been a while since I was on. I want to know what to expect come tax time. I started my L.L.C., and have a business checking account for it. For the entire year of 2009, I have been and will continue ...
Nicole Chriqui
Entities and Taxation
I currently have 3 free-and-clear rental properties in a single-member OH LLC (I live in CA). Since that LLC is a disregarded entity for tax purposes, I use Sched E on my personal return to account for the OH rentals...
Ariel K.
Tax on real estate income
I just have some general questions about taxes on real estate income:1. If I turn a profit on real estate, what tax rate would I pay? Long term capital gains? 15%? 23.8%?2. Is there a way to always avoid taxes even af...
Cam Galasso
CAPITAL GAINS TAX???
If I start a house flipping BUSINESS under an LLC, do I still pay capital gains tax like an individual would?
Anthony Caramanica
Taxes on LLC paaa through
I opened up a LLC for my two rental properties. All payments are made to the LLC in a separate account however the mortgage is still in my name. Can I still file taxes for the LLC and use the pass through exemption e...
Chase Cadle
Mortgage Payment and LLC
Hello,I have a question I'd like to ask for clarity. A buddy and myself have started an LLC for investment properties. We recently closed on our first property this month! To get a better loan, I put the loan / mortga...