Steve Englehart
Cashing out IRA to buy rental properties.
I currently have two long term rentals and am looking into buying into the short term rental arena. I know there are penalties and tax implications but wanted some advice on cashing out Roth IRA or IRA to buy investm...
David G West
Cap Gains on Re-entering ownership
Hi,We bought a property last year thru an LLC and the previous owner was there for 2 years so he sold it with no capital gains. For various reasons, we are partnering with the previous owner again and adding him as a ...
Tijana Flowers-Harris
Buying first property in Rhode Island
Hi!
What are the tax implications for owning a property in RI and living elsewhere in MA?
Example: someone wants to purchase a multi family, house hack for a year on FHA, and then move closer to Boston, are there he...
Brenda Lee
Rental Property Depreciation Expense
My business partner and I bought a rental property and split everything 50/50. She is using a tax accountant to file her taxes and I am using Turbo tax and I noticed there are differences with the way we are filing f...
Bryan Pham
Operating rentals under a LLC
Hello BP,I have some questions regarding operating multiple rentals under a LLC. I am trying to move my rentals under my LLC, when I do that do I have the payments be directly to my LLC? If so, how would I access the ...
Carlton Wood
NEED A REAL ESTATE CPA
HEY BP! Pretty close to closing on my first investment property, a four family in Delaware County PA. want to make sure for my first year as an active investor i'm getting all the tax benefits i can and make sure i un...
April Eilers
First Timers Seeking 1031 Exchange Input
Hi BP Community! We are currently doing our first 1031 exchange. We sold a property and our cash is being held by an intermediary (referred to as "1st Sale"). With the 1st Sale cash, we have purchased one property whi...
Ji Hoon Kim
Tax Strategies for the Savvy Real Estate Investor
Hi everyone,Hope everyone’s day is going swell. I am a newbie and try to learn as much as possible from BP. I saw BP has a book called tax strategies for the savvy real estate investor which was written in 2016. I’m v...
George Zev
LLC vs. Non-LLC
Hello,
I am interested in the pros v. cons to creating an LLC and operating under said implications.
A few questions I have top of mind:
Does it cost anything to hold an LLC in the state of Colorado?
Does...
Jason D.
Funding my LLC, need advice.
I know I should probably consult a CPA on this but I'm sure there are a few that can share their experiences. I have a newly formed LLC that I will be using to hold my rental properties. Since I want to keep my busine...