Hen Ley
Taxes for flipping in LLC vs. personal name?
Is there a difference in the tax consequences for flipping in a single member LLC vs your personal name? Any suggestions as why to do one over the other?
Chris Shon
Do I need a Real Estate Tax Accountant?
Hello BP community!We started an LLC last year and are about to file our first return for 2024. We have purchased a property for flip that's currently under renovation. I wanted some advice on whether we need a specia...
Charlsi Kelley
Tap into equity OR sell for cash to fund deals?
Hello again! Due to “life” happening, my husband and I need to move to Cleveland to be closer to support my family. Luckily both our jobs are ok with this and cost of living there is So much less than here in Denver-...
Vidit Maini
Starting my small business
Dear BP family, I am finally on my way to start my small business. I have setup an LLC as a C corporation. I have the option of turning it into an S corporation. Year 1, I intend to keep my W2 job while i work to get ...
Thomas Larsen
Claiming exempt on W4 job to save
I'm trying to save up enough money to pay cash on my first brrrr property. I have been saving about a $1500 a week at my job but I'm also paying about $1300 in taxes each week. My thought is if I claim exempt on my ta...
Alex Hamden
Buying the property and the name of the llc
I AM Buying the property and aLSO the name of the LLC . Is there a way that I can help the seller not pay taxes on the property that there selling and put it all on me since I'm taking over the llc. It's a way that I ...
Zulf H.
Lower Property Taxes by an attorney - Chicagoland Area
Hi BP Members :Hope you all are doing well. I recently bought a 9 unit bldg. and the previous owner had used an attorney to lower their assessed tax value. It was a 3 year commitment where they would pay the firm a po...
Shawn Q.
Set for Life question: using Roth as savings location
I just finished @Scott Trench's Set for Life (as you can no doubt tell from how often I reference it) and I had a thought/question I'd like to put to everyone. What do you think about using a Roth IRA as a component o...
Jerry Alvey
LLC structure and tax advice
If I own 2 LLC in Texas and one in Oklahoma would it be best to open one umbrella LLC at a bank and list these 3 LLC's under it? I'm looking for protection and to pay less taxes.
Michelle Bright
Ideal way to appeal property taxes in Cook County, Chicago, IL
Hey BP!!! How do you appeal your Cook County property taxes? I continue to get notices in the mail from different attorneys offering to appeal our taxes. But are there are apps, websites or specific groups you prefer ...