Account Closed
Using Offshore Companies for International Investors
In the last few years I have been fortunate to have a number of international (non-US) persons invest in real estate with me.
One of the biggest concerns that international investors have is the tax burden that exis...
Philip Joseph
1031 exchange or not?
I have a closing on 1 Sep where I will net $10k, then another closing for a property that I am purchasing for $45k on 16 Sept. My question, is it worth the effort and expense to do a 1031 for the $10k from the first ...
Salvator Lorick
Opening a Foreign LLC
Good evening everyone,
I am very new to REI. I just moved to NY a few months ago and looking to begin my REI career here. As we all know NY is not very friendly when it comes to taxes. Would I be able to open a forei...
Aaron F.
Planning for property tax increases
Hi, I’m trying to get started doing buy and hold / BRRRR investing in the DFW area, but when I use the calculators on BP there’s one thing I can’t wrap my head around, which is tax projections. With good appreciation ...
Jordan Butz
Tax benefits/deductions on selling raw land in Huntsville, AL
Hey there BP community,I was just talking with my friend here at work and we got to talking about real estate and how he something already in the works. He has 48 acres of land split between 3 other siblings (12 acres...
Chris Moore
Watersound Beach on 30a versatile property STR, LTR, MTR, retreats
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $3,675,000
Cash invested: $735,000
Versatile Property on the south side of 30a on Camp Creek Lake in Watersound Bea...
Jared Boundy
capturing missed depreciation when selling an investment property
Hi all. So I am one of those folks who missed taking depreciation on my rental, but it's been 14 years. Now that I'm selling the property, I found this mistake. I'm filing for 3115 to claim the missed depreciation (...
Chris Fuhry
Purchasing Homes with your young children - Pros/Cons
Wondering if it makes sense in any way to have my sons name on my next house/deal with me? He's only 5 and I really don't know if there is any benefit to having him on an LLC with me, or if it makes any beneficial se...
Kenn Kipchillat
Handling Taxes with International Airbnbs
Greetings,I am an Airbnb host with properties located in Kenya, Africa. Airbnb issued me a 1099-K tax form, indicating I meet the threshold for gross rental proceeds paid by guests. This means I may owe US income tax ...
Amy Gardner
Income too high for real estate deductions?
Hello,My CPA recently told me that the $50k we spend last year can not lower our tax burden because I have too high an income? Something seems to be missing here...I have never heard of this on any of the podcasts (I ...