Daniel Dietz
What types of Syndicatoins or Similar Arrangements qualify 1031?
I am wondering if some could provide a simple explanation, or point in the right direction, to help me understand what types of Syndications or other forms of joint but passive ventures qualify as the 'reinvestment' p...
Glenn Tracy
Is filing a lien necessary
Hi guys! Ok, so here's the situation....I'm a newbie RE Investor and had plans of going into business with a friend who I've known for over 20 years. This guy has been in the RE business for the past 20 plus years a...
Derek Clarkson
How Do You Manage Your Rental Income?
Bigger pockets,
I'm struggling with setting up an organized method to keep track of my rental income. I'm leaning towards the simple method of one checking and one savings account for each rental. This is great, unti...
Dan N.
Personal tax benefits if property is under LLC?
HiI hear everyone talk about tax benefits and deductions (mortgage, depreciation etc) from owning real estate.However, what´s not clear to me is how can I apply these benefits and deductions to me personally if I plan...
Chris Hughes
Capital Gains on a Rental Property
Hello all! I've been reading on this website for quite some time and it is a treasure trove of useful information. I am posting this to try and help my mom make an informed decision about whether or not to sell an i...
Christopher Haney
Tax confusion
BP,
Again I don't have a Flipping clue. Ok that was a lot funnier in my head. But seriously, I was reading several posts on here about SE taxes and got a little confused.
What exactly gets taxed? Is it all prof...
John Graham
Business Entities - SEC Registration??
If I were to create a firm (an LLC) that wanted to buy real estate in. Limited Partnerships are generally seen as the go-to business entity for tax and liability purposes. Naturally, the LLC would charge management fe...
Adam Ebbers
1099 from Property Manager- Other income and Security Deposits
I received my 1099 misc from my property management company and they did a few things that don't seem right. First under Other Income (box 3) they listed Security deposit (refundable), pet deposit (non-refundable) and...
Jennifer Rysdam
Contract for deed needs my social for taxes
Hi all. We sold a house on a contract for deed. Now their tax person needs our social security numbers for tax reasons. I would rather not have my social out there on every tax form of every person I sell to on a cont...
Michelle Marty
Rental applications
I am using a leasing agent to get one of my properties in another state rented. This is the first time I've used an agent. In the application process she asks for an application fee to do a credit check and rental his...