I'm new to investors and plan on doing my first deal in Q1 of 2020. I'm going after a flip and likely will partner up with a brother of mine to share the work and down payment, and we'll be funding the rest of the de...
My husband and I purchased a home that we used as our primary residence in June 2020 for $182,000We are now selling it for $295,000 in July 2021We currently fall into the LTCG category of 15%Our new home is being purc...
So recently, I was going to use a CPA for a corporate tax return. He outlined that book keeping was $45/hr and corporate tax would be $500, and any additional costs to file to USA would be determined later. I told him...
Hi.
The only real estate investing experience that I have is with my primary residence home.
I am learning a lot by reading posts on this forum and books from Brandon Turner.
I purchased my primary residence, si...
Any tips on foreclosing on property owned by an LLC that has been dissolved?
Can anyone tell me exactly what part of sec 469 of the tax code that explains what qualifies you as a real estate professional? I am having a disagreement with my CPA. He says that you have to have a 7 days or less on...
Hi, After how many properties should we incorporate in Canada? Are you allowed to claim CCA for Tesla (Zero emission) that is used to manage residential properties in your personal name?
Hi,I have a handful of properties and a W-2. The more I try to learn about taxes (how to minimize them by investing properly), I understand I don't know enough. I'm looking for a tax advisor (not a CPA) that could con...
I working on buying my first property to do a house hack in a single family home with a rent by room approach. I was wondering when filing for taxes if there is a tax break or if you would end up paying more in the lo...
Hi BP community! I'm someone who is starting out in Real Estate Investing this year and looking to this awesome group of knowledgeable people for some advice on what type of entity to establish - an LLC or corporation...