Jared McCullough
What do most small buy/hold partners use? C-Corp or S-Corp LLC
Looking to start my second LLC with my brother.
I am currently involved in a "3 way" partnership LLC that was drafted by a lawyer. He didn't even ask at the time which we wanted he just submitted it as an S-Corp. Me...
Zeshan Choudhry
Accountants for Canadian investing in US
Hi Everyone, I am looking for accountants, lawyers and tax specialist to assist with cross border investing. I am a Canadian citizen and I have purchased properties in the US through a LLC. I wanted to know if anyone ...
Zach Wagner
TaxAct Review for filing 1065 on own
As we're ramping up into tax season and this is my first year reporting my rental property, I've been researching CPA firms to complete my 1065. One is very expensive and the other I don't think I trust. As a CPA myse...
Brandon Toron
"As-Is" transaction. Can I the Buyer, sue the Seller for lying on disclosure?
Good Evening,I just purchased a property in Independence, Missouri. I waived inspection and also elected to purchase the home "as is". The Sellers disclosure answers "Yes" - that all necessary permits and approvals ob...
Cornelius Amos
Buying Building to House My Non Real Estate Related Business
I am about to buy a building to house my non real estate related business. I have a S Corp (LLC with S Corp election). I initially told the loan officer that wanted to title it to my S Corp but now I am thinking that ...
Chris Oswald
How is rental and flip income taxed
Before I start I will definitely be talking to a CPA about this, just want to make sure I am not going into the conversation blind and have good questions to ask.To start with everything will be run through an LLC and...
Conte Cuttino
Separate Hot Water tanks for SFH
I’m renovating a SFH with an apartment included sharing one water service. Should I install two electric hot water tanks for each unit even though it’s one water service that I’ll be paying for? I’m mainly doing this...
Brandon Crumpton
401k
Morning people! Can anyone tell me the pros and cons about withdrawing from 401k to make a home purchase?
David Drew
Should I have my LLC taxed as an S-Corp?
I've created an LLC in Broome County, New York. It's time to decide whether to leave it as pass-through taxable or choose to have it taxed as an S-Corp. My plan is to use the entity to hold my buy & hold propert...
Isaac W.
Worth it to hire a CPA for a side gig that only brings in <7,000K?
Hello All,Very new here, both to the community and to investing/real estate at large.I'm wondering if you all think it's worth it for me and my wife to find a CPA.Our financial situation is pretty simple. We both have...