Mark Beekman
Deferred Payment on House Sale -- Capital Gains Tax This Year?
I'm looking to sell a house that I've recently rehabbed to an LLC for roughly $250k by years end. Then, next year, I plan to have the LLC list and sell the house to the general public.
I want to sell the house to the...
Julie Flynn
Should my tax accountant be in the state I live in?
We live in WA (no income tax so far), but are looking at an investment property in OKC. Does it matter which place our tax accountant is in?
Carl Millsap
Need A Legal Work Around To Close A Deal
We have a contract on a property. The owner has the property in an LLC that has been dissolved by the State because they haven't filed annual reports or taxes since they set-up the LLC.The owner filed to have the LLC ...
Khandbari Rai
Amendin Tax return for bonus depreciation
I bought 2 STRs in California and my CPA is not seasoned with bonus depreciation. Already filed the Tax.Can i hire another CPA and cost segregation specialist to get that bonus depreciation? Looking for guidance.Thanks.
Alan C.
I would like to start investing but I am not sure of what I should do.
My wife and I would like to buy our first home together and have it renovated to our liking. We would also like to invest in real estate as soon as possible. However, we had filed chapter 7 bankruptcy and August wil...
Chase Nye
Newbie Couple soon to be in Salt Lake City
Hello BP! My wife and I are finishing a two-year stint teaching high school in Beijing. Having been able to save real money for the first time (something that teaching state-side never allowed), we are eager to invest...
Viktor Singh
Self Managing property Tax implications
Hi all,I want to manage my investment property myself and wanted to know how to handle taxes. In the past, I have the used a property manager, and gotten a W9, but how should i do it myself ? Do i need to use some sof...
Josh L.
Newbie Josh from Austin, TX
Hi Everyone,Josh from Austin, Texas here. Nice to meet ya'll. I recently relocated from Colorado, and found this site after listening to a few of the BP podcasts. I'm looking forward to learning a lot and hopefully ma...
Michael S.
Applicant Converting Chapter 13 to Chapter 7 Bankruptcy
I have an individual interested in applying for a vacant townhome I own, but is asking whether or not a bankruptcy filing will be an automatic 'no' for the application. I haven't dealt with bankruptcies and am only ma...
John Cicilioni
Forged bank deposit receipt.
I collect rent by having tenants deposit into my check my account then sweep the money at the end of the day. They send me pictures of the receipt as proof of rent payment.
Today I had a tenant send me a forged rece...