N/A N/A
New member from Orlando FL Realtor
I'm a realtor in Orlando Fl. I grew up in real estate because of my father. He owns 20 single family homes. I have accumulated a wealth of knowlegede from real estate gurus and personal experience. I would love to hel...
Alec Kirchhoefer
Capital Gains Taxes - Was Primary Residence - Moved to job/illness and rented out
Considering selling condo - looking for guidance regarding possible tax implications. I am aware of the 2 in 5 rule, and have lived in the residence for 20 of the last 60 months, so just short of meeting the capital ...
Account Closed
BRRR : is it for income or acquiring property?
I have a question re: BRRR.When you borrow money from your property to buy another, it seems that you depend on the rental income to make the payment for you. Thus, you will have to pay the expense if you are vacant. ...
Danielle D.
Do I have to be taxed as an SCorp?
Hi All,My CPA is advising that I have my LLC be taxed as an SCorp because I'm an active participant in my fix and flips. To clarify, I have a multiple member LLC (me and my husband). In that LLC, I make some private...
John Thedford
Where Can I Get An Investment Earning 7% Per Year? NOWHERE?
I'm 65 and looking to retire this year. Where can I find safe investments that will give me an annual return of 5% to 7% in retirement? --Gary, Pennsylvania The short answer is nowhere, assuming that by safe you mean ...
Steven Morris
1099 Main Income - Can I offset it with my rental expenses
Can I deduct my rehab expenses from my 1099 wage earned at work, to offset my high income? I make 93$/hr (193K a year) on my 1099 and my wife makes around 95000 a year salary. I also purchased a rental home and I am g...
Account Closed
Real Estate focused CPA
BP Family,I'm looking for a CPA / firm that is well versed in real estate (including commercial) here in Los Angeles. Also, what questions have you found to be the most important to ask when it comes to hiring these p...
Jay Kaltenbach
My Accountant says we make too much to have any tax advantages?
Hey BP Nation...... I'm just looking for some opinions here. My wife and I recently purchased our first rental property in the central Ohio area. I'm sure I did this backwards but after purchasing the property a few w...
Jaclyn K.
Live in CA. Buy Elsewhere. LLC anywhere?
We just bought our first cash-flow investment property out of state. We live in CA. We are interested in setting up an LLC, but have heard conflicting information as to where it should be.
We have been advised to se...
Yern Chao
Ca capital gains tax-how much will I lose?
Unsure about Ca capital gains tax. My scenario:Bought a duplex 13 yrs ago for $237,500 but haven't lived in it for the last 6 yrs. want to list for $350,000. Will I be paying capital gain tax federally and through Ca?...