Bob McIntosh
Owner Occupied to LLC Tax Question
So I am in the process of buying a 2 family property. I will be living there and renting out the other unit. Now I know that putting a property into an LLC is generally touted as the best way to protect yourself, ho...
Jeff S.
Florida’s Re-Attempt to Regulate Private Lending
Private lenders in Florida will lose their business purpose exemption if a bill introduced just a few days ago, passes the state legislature. After an almost identical bill was vetoed by then-Governor Rick Scott in 20...
Mike Paquette
Purchasing Through S-Corp/LLC
For tax purposes, I have established an LLC that my 1099 commissions get paid to. However, my tax form won’t say I personally am making that much money because most of the money is going to the business. Am I able to ...
Dan Nguyen
Can I deduct a gym membership for the purpose of capital raising?
I belong to a clubhouse gym that wealthy people belong to. The cost of the membership is absurd compared to a regular gym membership and the only reason why I'm paying for this membership is to meet high net worth ind...
Ellie Narie
Are gift taxes triggered if you add a joint owner not on loan?
I'm wondering... if I get an FHA loan and buy a 4-plex to owner occupy, and if I put another person on the deed who is NOT on the mortgage, would gift taxes be triggered? And if so, how are those calculated? If the 4p...
Joshua Hurte
Properly structuring for taxes
Hey BP,
I've been trying to find answers for a while about structuring multi family deals for tax purposes. I don't know why it's just coming to me now to ask the BP community. Any information helps. Currently residi...
Ehab Habib
Just starting out help please
Hi all I’m 32 year old guy with $42000 ready to invest I am from the-north New Jersey area I’m looking to invest in Pennsylvania in a 3-4 unit to produce monthly income im soon to be married and my credit is about 70...
Rob Carmody
Dual Licensing Real Estate & Loan Officer
If I am dual licensed and act as my own Buyer's agent as well as Loan Officer at closing, would I receive both commissions (3-6% in total) for each scenario below? -- Purchasing a Primary Residence (Conventional)-- Pu...
Nicholas Nakamura
Investing in Ohio-Specifically Section 8
Hello everyone!New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing. I have about 1$110K to invest, and I am looking to invest in the next few months. Any...
Account Closed
Partnership structuring (Best way to go about it)
Hey bigger pockets!Just wanted to get your advice . My friend and I are both real estate rookies, living in Las Vegas (Both only have one property under our belt) and are interested in partnering on a multi-family dea...