Ross Hillesheim
Corporation qualifying for a home?
Hi BP,
I have two successful small businesses. Both have commercial real estate, but in LLCs. Both corporations have very healthy balance sheets and income statements.
I would like to purchase a 500k vacation cond...
Paul Hutton
borrowing cash from my corp.for rental purchases tax implications
I borrowed cash from my canadian corp to buy rentals all cash in the florida market. I will wright up a loan to myself from the corp to an interest rate that will completely offset any tax owing at years end from the ...
Kairaba Burson
capital gains tax!!
im new and learning the ropes. i see a lot of people rehabbing and prefer it. are they getting hit with capital gains taxes or is there a way to lesson the impact of them? in a 15% bracket do you just get use to ex: 2...
Jodi Barraclough
Benefit of structuring as Series LLC and S-corp for Taxes
Good afternoon!
We are currently structuring our Real Estate Investment company. There is seemingly a variety of recommendations as for how to establish this entity. Is there any advantage or disadvantage that comes...
Michael Smith
The Ultimate Guide to Using Conventional Mortgages to Expand Your Portfolio
Perhaps I'm being overly ambitious by taking a leaf out of @Brandon Turner 's book and throwing "The Ultimate Guide" in the title, but my goal is to create a comprehensive point of reference for investors looking to u...
Madison Theiss
LLC's, Are they necessary in investing?
I know the basics of what an LLC is used for, but I had some clients today asking what the major benefits I've seen so far with investors using an LLC. What can you say about having your investment properties under an...
Nina Zou
Applicant claims he has a painting company, what to ask to prove?
Applicant claims he has a painting company and put down monthly income as $6,000. What Shall I ask him to submit as the proof of his income? W2 or something else?
Viktoria Brown
Best entity(s) for Canadian residents investing in US RE
I heard that as a Canadian tax payer I am best off with a combination of a Canadian and US entity, does anyone have any advice on what structure to use? Thank you.
Matthew Strickland
Corporate Housing Company Has Dissolved, Yet Still Has Tenants In Our Rental
Hello BP Community! My wife and I own a rental property that we decided to rent through a corporate housing company in August of last year. They contacted her and said they could provide above market rent due to using...
Michael Plaks
Remember to send your 1099s by January 31!
The beginning of the year is a perfect opportunity to get even with all those contractors who worked for you during 2018: report them to the almighty IRS and make them pay taxes on the money they received from you. In...