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I'm curious what the differences are for tax implications for a straight flip vs. a BRRRR? My understanding is that any profits from a flip will be taxed at my personal current tax rate as income. However, if I'm refi...
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Why do you feel you need to "work" for someone 9 to 5 or whatever it may be? Why is it that you take time out of your personal life and sit in a 4x6 cubicle, 5 days a week or may be even 7! I had this discussion with...
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Hello everyone,We recently started investing in real estate in 2020. We are buy and hold investors and currently have 2 doubles in the cleveland area. We got into investing for it's wealth building annd tax benefits. ...
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Hello everyone. I am getting back into RE investing and took the first big steps at the end of 2016. I’m curious about my tax strategy for the 2016 tax return in progress and also interested in a referral to a very ...
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Twenty years ago, I converted my primary residence into a rental property. From what I have read, by moving back to the rental, I can only exclude the proportion of time I lived there-ten years of the last 30 years ,...
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Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...
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I posted this in the advice forum, but maybe that wasn't the best spot :)Good morning,This might be a little bit long but I am looking for feedback and opinions about this situation. I have been reading this website f...
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Just heard back from my tax accountant and I was expecting some good news that we were getting a positive return from owning 6 different rental properties (bought 2 in 2019) but instead he tells me that we're just bre...