Riley Kuranishi
Foreign Investment Guide
Hi BP!I have some foreign investors that are looking to invest in some real estate in Washington, would someone be able to provide me some insight as to how they would accomplish this and the tax implication they migh...
Bryan Hancock
Series LLC Advantages?
Rich and a few others have posted on this already and I read through those threads already so please don’t cite them here.
Is there any value in setting up a series LLC from an asset protection standpoint? My un...
Account Closed
Insurance question
Hello,
I apologize if this has been answered several times already, but I was wondering about insurance on a house - when the investor is doing a "subject to" purchase agreement to buy a house in a pre foreclosure, an...
Alicia Tingey Geddes
If your house hacking when you do start register an LLC or Corp?
Hi BP friends, My husband and I are saving up to buy our first property next year. We are planning on buying a 4-plex with an FHA loan, and then house hacking it for a year to save up for our next property. We are t...
Jon Fletcher
Tax Filing Time - Historic Tax Credits Fun
I received approval for federal and state (NY) Historic Tax Credits. It was a long road, but worth it! Which forms do I need to file my taxes?
Ryan Robinson
Non resident tax withholding
We invest in Maryland (which is where our LLC is registered) but we're considering doing a flip in Pennsylvania. To avoid the non resident withholding tax, do people usually create a new LLC in the state in which they...
Armand Farr
Tax filings with properties in and out of LLCs
Hi BP - need your help with this situation:
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property C: The last property was held in Acme LLC with FOUR,...
Damien Clark
Contractor Problem - Maryland Specific
I have paid a contractor in full to complete a rehab. I know I should have never done that but I can't go back now. I'm guessing there is about 20k worth of work left. I just want to make sure I'm doing everything I c...
Maribel Manibo
Need advice on retroactive filing of 5500 (401k related)
I used a Rollover for Business Startup (ROBS) to start my REI business a few years ago, rolling over 401k funds. I fell behind due to personal/health issues in filing the 5500 (3+ years) but my business also did not m...
Danae Meurer
Doing business through our LLC even though we own properties in our name - tax issues
I am going to try to make this as clear as possible.My husband and I own 6 properties all in our own names.Just this last year we got our LLC setup with bank accounts and business cards and we have been doing business...