TJ Moreno
Passive Income count as Income for my wife to qualify to refi
I am maxed out on my loans. My wife has her property she bought prior to our marriage and is her sole and separate property and only on her credit report. In terms of working, she manages our portfolio of properties a...
Michelle G
Would I get protection from a LLC to manage my properties
Hi my husband and I own 2 rental properties and our personal residence. All mortgages are in both our names. I would like to transfer the rentals into LLCs but I do not think the banks will go for that if I am wrong...
Jack B.
Cash out refinance tax implications
Thinking of cash out refinancing some existing rentals to buy more rentals instead of deploying capital on hand. That said I'm having a hard time finding deals due to low inventory. As I understand it once I cash out ...
Brian Scott
CPA help: Report Rental Loss on 1040
2021 is my first year as a landlord and to save money I'm doing taxes myself for the first couple of years. To avoid doing anything wrong I wanted to double check a few things. Can any CPA's answer the below? I've sco...
Dave Versch
Tax advantages?
Hi. I am just getting started as a real estate investor. I am about to close on a single family property which I'm paying 39K for. There's a Section 8 tenant who pays $675 per month. I'm using my HELOC on my resid...
Matthew Stover
First commercial deal??
I need your advice on a possibility.
A guy here in town wants to sell his building that has a bar in it. It only has space for one business.
The bar is pretty well known and pretty much the 2nd best bar in town. ...
Greg Baker
50/50 Partnership legal costs and depreciation benefits?
Hi everyone, few questions, I'm in New York if it matters. I'm in the process of researching to purchase my first buy and long term hold. I'm considering partnering with someone 50/50 to make the first purchase less...
Evan Loader
Offsetting passive gain on K-1 with passive losses from other K-1
My CPA firm is preparing my 2021 taxes, this is my 2nd year using them and I haven't had any notable issues until now. I invest significantly in syndication deals so I have a handful of K-1s from multiple states. I ge...
Chris Burke
Capital Gains Advice - Sell or hold
I am looking to speak with a tax professional regarding potential tax implications of selling our former primary residence that is currently being used as a long term rental. Trying to understand if we should sell now...
Monil Shah
Setting up partnership and LLC
I am partnering with a contractor buddy to fix and flip, how should we distribute the partnership?Contractor buddy would be spending time fixing up the house in many cases himself instead of using a crew, how do you a...