Q1: How do I report the interest passive repayment interest income from a hard money-bridge loan I made to a flipper?
Q2: How do I report the profit and expenses from the sale of a flip?
Looking to use the short term rental loophole.
If I use the short term rental loophole for my STR, I material participate and do a cost seg study.
Can I take the value of the building in the first year as depreciati...
Hi,I am planning on investing in multi-family properties in California and currently reside in California. I would like to register as an LLC. Which state should I register in? Thanks in advance!Jason
When ya’ll take on tenants currently on a year long contract with previous owner, how do you prefer to bind the contract you’ve inherited to include you as the new lessor?
1) Just scratch out old name/address and wr...
I am going to start my first LLC for an MFR that I am going to acquire. I am trying to determine the most efficient and tax friendly way to do this. Should I make the Family Trust the sole member, should I be the so...
Would appreciate your help as we are in escrow for our first multi family rental. I have heard that in CA, best title vesting is - ‘Husband and wife as Community property with right to survivorship’ as it offers doubl...
Hello,I am looking for CPA recommendations in California.Thank you!
I am considering putting a duplex under management by a short
term rental company. The contract they sent me contains the following
clause:
b)
Indemnify, defend, and hold harmless the Agent, and all persons in...
Hi my name is Billy Friesen I’m from Leamington Ontario. I’m a a 20 year old subcontractor and looking to start in real estate investing. My parents have owned rental for the past 25 years and have accumulated a small...
My mom purchased a SFH for investment purposes and my husband and I have been renting from her. She bought the property doing a 1031 exchange using the trust that I am a beneficiary of. My husband and I are not looki...