Hi, I want to start investing in commercial real estate, I was thinking to use an Umbrella Structure, so, open an LLC in Delaware filing a partnership tax return ( I will have the 99% of interest as main owner and a c...
What are you folks doing? I bought a STR last year, and if I file now, I get 80% bonus depreciation. Alternatively, I can file an extension and get 100% somewhere down the line this year.
Hi, folks, I just closed on my first deal a few days ago, and I'm editing our first lease using the template given from BP for my state (Maine). There is a section about leasees providing their own renter's insuran...
i set up my llc with my wife and i, each having 50% ownership. This was suggested by my lawyer, but not sure why. I filed my taxes and recieved a $600 bill from my cpa to file for the llc which holds two properties. ...
Hey Everyone, I am a long time lurker and I have a question about filing a judgment in Galveston Co. Recently we had a tenant not pay, so they moved out without hassle. Which their quick departure was great till we ...
I'm a new investor. I live in the Chicago south suburbs. I currently have one investment property located near my home, and it's in my name. I'm looking to buy more and I want to look in the northwest Indiana area....
I have done two BRRRR’s this year so far!!! Both rentals cover the mortgages and leave about $500 in cash flow. The problem now when applying for any other loan my debt to income is too high. I have not filed with the...
Is it possible to file for BK 7 and still keep any rental properties if that is your only source of income? Won't qualify for chapter 13 due to excessive debt and chapter 11 is too expensive. :roll:
Hello All,I am looking for a tax attorney and CPA in the Bay Area. I have started looking into rental properties in IL and Tx and I need help on how to structure these entities. In addtion, my wife owns a graphic desi...
I am an investor starting my real estate journey. I am about to begin purchasing rental properties in Alabama (Birmingham) and rehabbing and renting them. Based on your experience or expertise, will an Alabama State L...