Darshan Patel
Refinance from llc to personal, and sell, taxed much?
So I currently have flip that is almost done but past profit point, I wanted to refinance to my name, to sell or rent. My question is , would I get taxed just for difference of loan and sale price, or would the money...
Mark Lucido
IRS Form 8825 - Other Misc. Expenses
Is there an expert on the 8825 that can advise what's the best way to handle Misc. Expenses such as Accounting, Office Expenses, Suplies, Tools, etc.? I just started my LLC in 2015 and filed my return last year loggi...
Ryan O.
Taxes For New LLC
I tried to search BP for an aswer to my tax question to no avail, so I'm hoping to get some answers by posting here.
In 2012 myself and a partner rehabbed and sold 1 property in our own names, did well, and decided t...
Lynne MacFarlane
When to establish an LLC - Does timing matter?
Hi BP! We are starting out and would like your advice. We have been reading that there are definite tax advantages to having your properties (as their associated income) contained within an LLC. As we haven’t establi...
Derrek H.
Using my LLC to sell a house to my spouse - anyone heard of this?
Hey BP Community,
I saw a video on Youtube by a BRRRR investor who said he was able to get money out of his BRRRR in just TWO MONTHS with his strategy. The LLC he controls bought a property for $140k and put $15k of ...
Jackie F.
Thoughts on multiple entities??
Advice please. I am planning to start my business wholesaling.. I have worked for a wholesaler so I am not 100% novice.. I do not want wholesaling to be primary for me, My passion is fix and flip.. I love the risk, i ...
Dakota Verrico
Self Employed Mortgage Qualification Difficulties
Hello BiggerPockets community,
I have been struggling through the process of getting qualified for the past 4 months. It has been a long, hard, and incredibly brutal process. A little back story first, about a year a...
Thomas Fortune
Historic Tax Credits
Has anyone gone through the process of applying for the tax credits associated with renovating in a historic district? Question I have: 1) How difficult was it to renovate to the historic architectural standards?2) Di...
Steve G.
Collect rent under an LLC if I own the property personally?
Hey All,I am in the process of aquiring my next rental property and decided to finally put this one under an LLC. We have a dedicated bank account, insurance policy and the property will be held by the company.Now my ...
Timothy Church
Series LLC syndicating business structure
I have been addicted to this site for quite some time now. I've always been a reader my entire life but never much of a writer. As part of my New Years plan, I wanted to get more involved and actually give back to Big...