Scott Moe
Capital Gains Exclusion
I own a single family home that I am currently renting out. My father is on the mortgage and title. I plan to move into the property for at least two years and then sell. My father is letting me keep any and all gains...
Jesse Turner
Why bother with a Self Directed ROTH?
I'm trying to wrap my mind around this option. Here is the scenario: I have a Roth (and it's an absolute DOG by the way) and I want to move it into REI. I've been reading other post asking about moving 401k funds to s...
John Pauler
Taxation for private lender on fix and flips
I am looking for help on tax implications for two flips I invested in passively with slightly different terms. For both of these, I was completely passive, simply supplying the capital and waiting for my return. FLIP ...
Bruce C.
Rental Accounting Question
Good morning BP
Im attempting to keep accounting for our first SFH rental. We acquired the property oct 6th and have performed some repairs. The problem im having is the money we leveraged for property purchase and r...
Jenner Birukow
Canadian Investing in the US
Hello everyone.My husband and I are new to real estate investing, and plan to use the BRRRR method. We’ve made a few offers and even had one accepted (exciting!) but walked away when we realized that it wasn’t a good ...
Tara Garcia
LLC without spouses?
My carpenter and I want to set up a real estate company and believe that if we incorporate (LLC), then we can purchase and sell properties as a company independent of our respective spouses. An atty informed me that t...
Chris Bluem
Entity Structure and Tax Planning
Hi, I am looking for recommendations for firms that provide setting up correct entity structure (S-Corp on operating side / LLC on non-operating), and also provides tax prep and planning. Real estate and short term re...
Michael Plaks
Monday Sept 16: the IRS deadline for Partnerships and S-corps!
September 16 deadline (delayed one day since Sept 15 this year is Sunday) applies only to
Partnerships (including some multi-member LLCs) that filed a 6-month extension request on Form 7004 on March 15S-Corporations ...
Nolan Gray
LLC for property holding -- SMLLC or S-corp
Dear bp family,
I just formed my llc that i want to hold my rental property in..
My next step is to get an EIN number for the company..
I need it to start the bank account for the business aka my rental property
...
Susan M.
Applicant admits to bed bugs
I encountered a first for me last night. Met a nice applicant. She asked me at the end of our discussion "do you automatically disqualify if I've been treated for bed bugs?". I asked her to elaborate and she told m...