Greg Lee
Can I use a 1031
I'm selling some vacant land in the very near future (Next week) and I'm trying to figure out what to do with the money to not get hammered with taxes. It was something that was not on my radar.... I don't need to use...
Massimo Salerno
Canadian Investor looking for accounting Tips
Hi All!I am a Novice investor from Canada and I am seeking accounting/ tax advice. Any tips on how I can save income tax? I know I have to declare with IRS and in Canada.. any tips on this would help. I am also seekin...
Sol Silverstein
what is the process to take over a LLC of a multi portfolio
is there any one with experience.i came across a great deal in upstate ny multi unit rentall portfolio owner is ready to sell the LLC (saving transfer tax)is anyone experience how it he's to go as far as the closing. ...
Eli C.
Built in Gains Tax
I am working on a property deal in which the owners seemingly converted from a C-corp in '03 to a S-corp, rolling the assets of the C-corp into the S-corp.
Since they did not pay taxes on the assets at the time of th...
Minh Lai
Calculating Insurance
I'm taking @Brandon Turner advice to heart and I plan to analyze at least 3 deals a day or 90 deals a month. I have a spread sheet that I use to plug and chug. This book gave me the knowledge and background to underst...
Nick Belancin
Sifting through "viral" posts to find the best OPM strategy
I am somewhat of a seasoned investor but my portfolio recently shrunk to zero and I am looking to grow my portfolio once again.Backstory:I had a number of recently renovated cash flowing properties that were 100% paid...
John Fairchild
Kansas City earnings tax?
If I have a LLC and use a property management company for my rentals am I subject to the 1% earnings tax? Or is that considered a “hands off” activity and not taxable? Thanks!
Will Sifert
question about assigning the contract to buyer
please forgive me, I am new and still learning.
If I know the investor well is it necessary to assign the contract to him for more then what I agreed to pay the seller? For example, If I agree to purchase the house ...
Teairra Ritman
Finding a sponsoring broker in New Jersey
In January I will begin my pre-licensing course and will finish at the beginning of February. My goal is to get into luxury real estate and to invest, but I am having a hard time finding brokers who are willing to spe...
Johnny McKeon
(HELP 😵💫)Arizona transaction privilege tax license
Hey BP, I need help with the Arizona transaction privilege tax license. do you guys know or do you know someone that would know how to help with this?I have a question about the Arizona transaction privilege taxDo you...