Craig Risser
LLC Tax Election Question
Hello everyone,
About to open an LLC to hold a few properties in. Wondering how I should elect to have my LLC taxed? S-Corp, C-corp, etc..?
Thank you in advance!
Yoochul C.
After Tax Equity X 4
Hey all,I used a 1031 exchange calculator and after punching in the numbers the result was an after tax equity x 4 of $896,000. What does this value mean? Does it mean I have to buy a home at $896,000 to defer my ta...
Max Emory
New 2024 Entity Compliance Coming...
Hey hey.So you're informed, here's the "BOI Small Compliance Guide" link below that details some new filing requirements that most likely affects you.I'd recommend consulting your tax professional(s) to see if you nee...
MJ Tukina
Buying out sibling when the property is inside a Living Trust
I was named Trustee of this Living Trust in 2013, I helped my late Mother establish her own Living Trust in 2007. She passed away in 2013. Now my one sibling needs money for his kids Colleges tuitions. I paid for a Co...
Chris Lang
depreciation on the cash flow analyzer
the spreadsheet figures depreciation as a negative under total operating expenses.My agent/advisor says not to figure that in Why would it be there if I was not to use it?I'm analyzing a 23 unit apartment complex. Is...
Drudell Kelly
Need Help! Addendum to Change Name
This is my first wholesale deal. I opened escrow on a home using my name on the contract and in between opening and now I’ve established an LLC. To avoid some taxes I asked the escrow agent if I could change my name i...
Ray Jender
House Underwater...Looking To Buy Another?
So I am 64 and getting ready to retire at 66 or 67. We are really interested in Florida. A condo or townhome.
But here's the issue. Our current home is underwater. Sure I made a mistake of buying at the pe...
Miguel Alvarado
Tax Exemptions, LLC Structure, and Depreciation for Foreign STR Properties
Hello BP Community,
This is my first post and I am not sure if I am asking too much!
I'm exploring the idea of investing in a short-term rental (STR) property abroad and have a few questions regarding how to structu...
Garen Lafser
New Member from St. Louis, Missouri!
Hi Everyone,My name is Garen Lafser and I am excited to be joining the community here at BP. Apart from my work (see below), I am always trying to learn more about real estate, developing, and about all the various t...
Jesse Burns
Division of Assets During a Divorce
Hello, I have 6 rental properties under an LLC that is equally owned by me and my soon to be ex wife. We are going through a contentious divorce and I would like to buy her out, but apparently thats not very easy.If w...