April Benard
Quickbooks setup for rentals and flips
Hi Everyone,For QuickBooks setup, should I setup a separate company for my rental and flipping business? Both are currently operated within one LLC/Tax ID.
Andrew Fosticz
Looking to actively invest in BRRR, short-term rental, wholesale, fix-n-flip
Several years ago, I successfully leveraged an FHA loan to purchase my first property in Shorewood, WI. I house-hacked a duplex and now own a single-family home in Grafton, WI while my duplex is a cash-flowing asset. ...
Todd Crippen
Wholesalers and Networking
I just want to start out by saying that, @Devin Baer and I, here at KC Metro Homes, really love the BiggerPockets community and have been fortunate to make some great connections and new clients on the platform. As re...
KC Pake
Seeking Advice on Real Estate Trading - Have You Done It?
Greetings All -I'm reaching out to this knowledgeable community to gather insights on a real estate topic that's somewhat new to me: property trading. I've been involved in numerous buy/sell transactions in the past, ...
Tim Lynch
Reinvest Gains VS 1031 Exchange
From a tax perspective are there big differences between a 1031 exchange and reinvesting gains within the same tax year? I buy and sell property with an LLC and just closed on a flip with a $60k profit. The sale price...
Taylor Shapiro
Using gross profits for mutifamily down payments, tax deferred?
Hi guys and gals,In the next month or so I'll be selling 2 flip properties- a single family and a 4 unit. I plan on opening a solo 401K to defer some taxes, but as I understand, annual contributions are capped at $50K...
Peter Mikhjian
Selling two "primary" residences and excluding capital gains?
This question has become a little more challenging than I originally expected - CPA's & tax experts watch out! My fiance and I each lived and owned our own homes for more than 2 years. My name was on my deed and...
Fang Underhill
Any cost segregation CPA?
We are doing a few renovations on single family properties. Meantime we are doing land flip and generate a great return. How come the expenses on the rental properties can not be 100% deducted from capital gains from ...
Obin Olson
Capital Gains Tax Solutions, who has used them with 1031?
Hello, I am in a situation where without using 1031 I will wipe out almost all gain in paying taxes for practical purposes, I want to get more time then 45 days (takes me on average 6-8 months to find a deal) and so I...
Erika Damas
College Student looking to Build Financial Freedom
Hello All,My name is Erika, I am a 21 year old college student in Boston,MA I am currently in the education stage of real estate investing. I began to look into real estate investing approx. one week ago and have been...