Looking for some help/guidance. We are purchasing a property in Columbus, Ohio that is already submetered and managed by Guardian but they will not continue services as we are "too small". We have looked at a few subm...
We currently have our first duplex under contract but no LLC set up here's our situation: 4 parties involved:- Individual #1 & 2 are providing capital (cash / line of credit)- Individual #3 is going to be their f...
Hi Everyone,
I have a former primary residence that I'm renting out and I can no longer qualify for the capital gains tax break if I sell it (have been renting it out for 3+ years).
My question is if I do...
Cost Segregation in Real Estate:
Real estate investments offer a path to long-term wealth accumulation, but the tax implications can be complex. Fortunately, cost segregation is a valuable strategy that real estate ...
Hi All,This question is for those who have flipped 4+ properties in the last 12 months. You have $12,000 (2k per month) for the next 6 months as a marketing budget. Where are you allocating the funds to get the phones...
I started this business around 5 years ago and 2 years ago brought in an unsalaried partner. My partner Kevin has an equity stake in all of my businesses now:Biz #1, he has 15%. This company has around 15 rental prope...
I need an 11th hour assist from my fellow BP members to be sure I am handling a tax situation correctly.
The situation: I purchased an investment property in July 2017 for the purpose of renovating, creating 3 units...
Hi everyone, I'm having a hard time deciding how to allocate my budget towards flipping and wholesaling. My goal is to have 2 properties flipped by the end of the year. I'm planning to put somewhere between 30,000-40,...
Can I use the profit from the sale of a business (store and grill) for a 1031 exchange? The buildings and 1.79 acres are included in the transaction. Thanks in advance for your help.
As we enter this uncertain period, one of the questions I’ve been thinking about is, what happens if my tenants stop paying rent? In fact, I’ve already had two tenants let me know that their jobs have shut down. I bel...