I saw the new tax bill passed in December, and there is a change that pass-through entities (LLCs for example) will get a 20% tax deduction. Did I read into this correctly? Are any CPAs out there who could shed some l...
I am launching a platform portal and need to invest in the development costs. If I were to seek a property and use the proceeds to fund the startup, do I still have to pay capital gains or can the "losses" from the s...
Hi everyone,I own a 2 beds 2 baths condo and rent it out. I'm wondering between traditional monthly rent income with rent it out on airbnb or other vacation home website which one will come with biggest income? In my ...
Hello Everyone!I am new to the community. I'm 23 years old, and I currently work a corporate job. Recently, my father passed away, and I don't know if I should stick in my corporate job or help my mom manage my dad's ...
I own a condo and it is in my name.
No mortgage, in Florida. LLC is in FL as well.
I want to rent it out and transfer the ownership to my LLC. I have read that I need to get a Warranty Deed. Is it that easy? Would a...
I've only in recent months decided to pursue real estate investing and I want to be maximally positioned as a credit-worthy borrower. I'm a physician and for the last 2 years I've worked as an independent contractor ...
I am semi-new to the real estate investing world. At the young age of 21, I own two rental properties and a third one under the works (Paid with cash). I have not yet created an LLC, which leads me to question 1. ...
Hello everyone,I know this is a question for an accountant, we are looking for real estate savvy one. Not sure if this is legal or even possible, so I guess we get creative thinking brownie points. We already have a ...
so I just recently filed for my LLC and Ein. After I received my employee identification number, I was told that if I want to, I have the option of filing form 8832 "Entity Classification Election" and elect to be cla...
My wife and I will be house hacking with a duplex once we close at the end of January. I have some questions around paying the mortgage and also about the use of a business credit card.
I currently understand the im...