Curious: How many properties do you typically hold under a single LLC? All of them? 5? Only 1??? What is your reasoning?
Hello everyone, I hope y’all are doing well. So since rental cash flow/income is taxed by the IRS, would I be able to use my renovations cost as a tax deduction? Therefore it’s seen as a loss similar to if a property ...
I'm going in circles trying to figure out where I report my K1, Box 10, Net Section 1231 Gain on my personal return. Partner instructions say I report it on form 4797, except that is where the number came from in the ...
I currently own a rental property in the Kansas City metro area and am in the process of transferring the deed to an LLC I have created. I am not sure how this will directly impact my personal taxes but would love to ...
I want to dissolve my LLC where I am the sole owner with one rental property.
- What are the tax implications if I were to transfer the property to myself?
- What are the tax implications if I were to transfer the...
I'm looking to purchase my first flip next month and wanted to know if I should create a LLC before or after the purchase? I'm leaning towards creating one before just to be on the safe I just want to make sure I'm ma...
I am preparing (with the help of PPR Note Academy) to enter the non-performing note business. I plan to start fairly small, with the purchase of just a few notes. This looks good on paper, but of course I may turn out...
Hi Amazing Investors! I am in the process of negotiating an installment sale contract for 3 houses, one of which will be my primary residence. The houses are not currently mortgagable but those issues are resolvable...
I am a new real estate investor, I have been reading every book, blog, you-tube video and forum post I can absorb. The question is in Rich Dad, Robert states that owning your home is not an investment, but rather a l...
Hello BPocketters! I came from Mexico 10 months ago and I'm living in WA state since then. I'm under a tourist visa in process of adjustment of status. I'm very excited to start this endeavor and I'd like to go out an...