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...
Nghi Le
Rolling Flipping Profits into a Consulting Firm
I've been talking to a few lenders, financial advisors, and credit optimization companies. They all tell me that getting unsecured lines of credit is going to be hard for fix and flippers because it's a risky business...
Pete Harper
1031 Exchange Hypothetical
I wanted to confirm my understanding on 1031 exchanges. Sale Price $350,000Cost basis $150,000Equity $200,000Now I only need to reinvest my $200,000 equity. Correct?Buy $200,0000+ propertyPut $50,000 down, finance $15...
Bill Y.
Partnership with Foreign Investor Advice
Hello fellow BP community,I recently came across an opportunity to potentially partner with a foreign investor to purchase rental properties in the US. As I started doing more research on business entities and lending...
James Lau
Tax questions with LLC
I'm about to invest in my first real estate deal. I'll eventually consult with a CPA on tax issues, but thinking ahead about tax issues. I'll invest with my personal funds but will be creating an LLC as a limited part...
Christopher Russell
Can landlords deduct for their personal time or repairs?
I have read through many threads and get the idea that many people are under the impression that they can deduct their own time on federal taxes. By own time I am referring to completing required repairs, managing ren...
Jeff P.
Roth SDIRA and UBIT/UDFI
I have a checkbook control Roth SDIRA and plan to invest in multifamily syndication. I am concerned about how UBIT/UDFI will kick in. I am new to this so forgive me if I don't present it correctly, but here is a hyp...
Christina Gomez
Brand new LLC what tax classification do I choose?
Hello my name is Christina Gomez, I just bought a home on the Big Island of Hawaii. I am starting a vacation Rental where I will be living full time. I have already applied for my LLC and in the process of getting me ...
Max Shaw
Partnership and a 1031
Hello All,I have a question that I can't seem to find a clear answer on.I have a single family property that my wife and I purchased with a partner. All 3 of our names are on the note. We currently have the property u...
Phil Contreras
Can I Cost Segregate if I don't have the Real Estate Professional Status?
Hey all,I've been reading a bunch of books about cost segregation (tax free wealth by Tom Wheelright) and there is this one question that I can't find the answer too.Can I cost segregate my house for depreciation if I...