John Ashley
1099 Corporate Mortgage Approval
Good Afternoon Everyone!I posted about this about a year ago, but unfortunately had a health problem (not Covid) that severely delayed me in acting. Everything is fine now, so I'm really hoping you guys can help me fi...
Amit Chawla
Tax Credits or Incentives for Redevelopment
Hi, I was wondering if anyone had compiled a list or if there is one online where I can find which tax credits are available for a redevelopment project. I know these vary based on state and the redevelopment needs, ...
Bill Mitchell
Wholesaling Income & Taxes
This was my first year wholesaling part time here in DFW. I made a decent chunk of change doing it, about 40k. My question is when it comes to taxes, should I utilize a real estate tax professional at the end of t...
Matt Y.
CA Capitol Gains
So, I'm sure that this is going to reveal my "newb-ness" but I'm told there are no stupid questions. I thought we're in the trust nest, are we not?
As far as I know, in CA you must live in a purchase as your ...
Jason Foxx
1031 Exchange - Explained
Hello All!Quick question, I was explaining the 1031 Exchange to one of my friends and he had some questions for me that I couldn't answer. Please help!Is there a specific amount of time that one must own/hold a prope...
Adrian Brown
Single Member LLC with both spouses
I understand that me and my wife can both be on our Texas LLC, and we can still file as a Single Member LLC so that we have a disregarded entity from a tax perspective, but we still have the liability protection. In f...
Molly Anderson
looking for a good cpa in the Sacramento CA area familiar w/ REI
We are a scrappy startup development duo, looking for a good cpa/accountant to help us tighten our ship. We have two LLCs - one for our development company and one for one of our rental properties. Any leads are great...
Tobey Humphries
Taxes after selling a rental property
Team BB,How much money should I hold onto from the sale to prepare for tax time? I had a tax question I was hoping you could answer about a rental that I've recently sold (did not do a 1031). There's three places I'...
Gaurav Mehta
Opportunity Zone Tax deferral valid for State
If someone invests capital gains in an Opportunity Zone in 2019, holds the property for 7 years and does improvements, they only have to pay capital gain tax on 85% of capital gains invested.My question is does the ex...
Rich Hupper
Syndication or limited partnership to monetize tax credits
HelloDoes anyone have experience monetizing state and federal tax credits to raise capital for a project or bring equity into a deal? How does it work through a limited partnership? What does the limited partner expec...