Audrey Spina
Securing lending as a business owner? Help needed!
HI BP Members!I currently own a retail business in Brooklyn NY and am ready to expand my investments into real estate. OOS multi-family is the goal. I'd like to take the first step of getting an idea of what I could q...
Sheba Shimoji
Pay my own property management company
Hi, I have 17 unit rentals and I have set up a S-corporation acting as property management company. The average property management fee in my area is 10% of the rent collected. How much should I pay to my corporation ...
Denise Scorpiti
Leans on homes in NJ
Hi, my friend lives in a home that is owned outright by her mother...her brother has not paid the taxes on the home in a year and now there is a lean on the home.. How long before they can take your house in NJ? Curio...
Akash Y.
Canadian investing in USA. LLC or personal name?
just like the title says should I purchase homes in my personal or under entities like an LLC.
I have read if I use an LLC I will get double taxed in the USA and in Canada
Does anyone know if this is true or not I a...
Laurie Clarkston
Tax advantages for owning rentals
Is there any good place to calculate the specific tax advantage to owning a rental? For example: When I purchase a rental, how much money will that save me this year on my taxes? Besides quickbooks or talking to my...
Joyce Orange
Tax deduction for rental income loss
Hi there, need your help about tax deduction or tax benefit for rental income loss for high earn person.I have a friend whose earn is over $150k yearly with a rental condo. Due to Covid 19, she lost a few month rental...
Kelly Cruz
QuickBooks Questions – How do I do this and that???
Hello – I’m getting started with QuickBooks Pro. Many of my questions I find answered online, but there are some I can’t find answered anywhere. I'd like to open a discussion about some of the questions I have and h...
Brandi T
How does transfer effect 90-day seasoning?
If I transfer a property into an LLC does that start the 90-day seasoning requirement for FHA loans over again even though I am the member of the LLC?
Thanks.
NA NA
Real estate tax benefits/drawbacks with my other household income
My wife and I make a combined household income of approximately $400,000 from our 9-5 jobs.I understand that certain tax benefits are eliminated or reduced after you cross higher ordinary income levels related to real...
George P.
Tax lien -> foreclosure -> quick sale of the property ... Income Tax Liability?
Situation... tax lien purchased with the intention to passively earn the interest (btw interest is taxed as regular income). Fast forward 1 1/2 years, the tax lien is not redeemed and the underlying property is acqui...