David Barron
S Corp or LLC for wholesale flipping?
Good morning everyone, I hope everyone is having a great day. I was wondering from an entity, tax and brand perspective. Is it best to be an LLC or S Corp when your wholesale flipping? I'm strictly assigning the deal...
Lance Mundo
Proving 750 hours for deductions
How can I prove 750 hours of work, and more work than my W2 job in order to qualify for maximum deductions when filing my income taxes? I want to reduce my federal income tax to zero. Are we using a time log? What is ...
James Leahy
Type of Corporation for Property Management Company
Hi All,My wife and I brought our first investment property back in April. Prior to purchasing the property we created an S-Corp to put the property under. When we informed the bank (Wells Fargo) that we wanted to pu...
Mak K.
Experience with Renting to Home Health Patients
Hi,What are your thoughts on renting a property to Home Care Patients who needs care. I know you have to modify the properties to ADA etc etc. Anybody had any luck with it and what is the rent expected and p&l, pr...
Peter Schuyler
Renter Deduction Questions
If I help my landlord with simple maintenance, caulking, fixing can light fixtures, replacing an exhaust fan, can I deduct on my taxes the material costs and or labor since I performed this work for a rental property ...
Anna Stolpe
Depreciation can not be deducted?
Hi BP community! I just talked to a financial planner/CPA and she said that depreciation of a rental property can not be written off as a deduction if your household income exceeds 150K. I could not find any proof of ...
Renee Lee
Tax’s vs Equity - would it hurt to much?
My questions stem from velocity banking...1. I know there is a tax deduction for writing off the interest on an investment property is it dollar for dollar?2. Let’s say, an investment property has a mortgage and ...
Jason Mead
Avoiding the tax penalty
Hello everyone! I was sitting here wondering what’s the best way to do this. I’ve just completed my flip house and am walking away with a decent profit approximately $50,000. My question is what’s the best way to take...
Jonathan Bebey
CPA & taxes
Hello phoenix area,I am looking for a CPA to help with my taxes for my house hack that I bought April of 2023. Does anyone have any recommendations? Thanks!
William York
The Duplex Advantage: Real Estate in Washington, D.C.
The Duplex Advantage: Real Estate in Washington, D.C.
Investing in real estate can be a smart and rewarding financial decision, especially in a city like Washington, D.C. Among the various real estate asset cla...