Chris C.
are LLC's worth it (from a tax and legal standpoint)
is it better to create an LLC and have the property in the LLCs name (how do you deal with due on transfer clause) or just keep it in your own name and came it on your own taxes?
TLDR: when starting off (one property...
Tai Bhattad
Investing in Prichard, AL
If you are investing in Prichard, AL or thought about investing in Prichard... what is your strategy for ROI?a. Do you own properties and collect decent rent? b. Any creative rental strategies if so: residential rents...
Navid A.
What is my LLC classified as by the IRS?
I have a LLC with my wife and I listed as members under the Articles of Organization. Does the IRS consider this LLC as a sole Proprietorship? Also, since it's a pass through entity, I don't need to file a separate re...
Joshua Davies
International Tax Attorney/CPA
Are there any tax attorneys/CPA’s on BP with international experience?
I am setting up an LLC for rental property investing with 2 partners from the UK. I am under the impression that the LLC must withhold 35% as it...
Jimmy Rojas
Is it public information if home owner owns a mortgage or owns the home straight up
Is it public information to see of home owner still has a mortgage or paid home cash, if so where can i see this information, something similar how you can see the sold history of any home.
Deborah R.
Is Bonus Depreciation Worth the Audit Risk?
For 2022, my husband met Real Estate Professional status. I am a high income W2 earner. We filed an extension for 2022 taxes and are just finalizing them now. Our CPA says that if I cost segregate and bonus depreci...
Kaveh E.
California LLC Fee when selling a property.
I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.-When I sell the property, would I be paying a tax on the prof...
Kevin Izquierdo
What are "Move in Funds"
From reading Brandon Turner's Book on Managing Rental Properties, on his Deposit to Hold Agreement sheet, he writes, "Other Move in Funds must be paid in amount of: $__".What are other move in funds?
Tim Rogers
Another Real Estate Professional Status Question
Hi All,
Long time lurker here. I have read dozens of posts about REP status and it's still clear as mud to me. I am hoping someone educated can chime in on my specific situation.
I am a high income earner, owning a ...
Nathan Williams
NEW eviction moratorium extension to Sep 2021 being proposed
FYI for anyone who needs to plan accordingly.
https://www.washingtonpost.com...
Biden's stimulus package proposal includes an eviction moratorium extension to September of 2021. They are trying to put in rental ass...