Hi BP!My husband and I are getting ready to purchase our first deal. The lender needs to look over our taxes. We haven't done our taxes for 2017 yet will be filing this weekend. My husband is a 1099 employee and usual...

Hello everyoneI would love to get an opinion on our situation from everyone. My wife and I buy and hold long term properties. So far rents are great and we would like to purchase more properties, however we are limite...

So I am currently set up as a sole member LLC (officially as of today) but have not yet filed the 8832 or 2553. My question is, does anyone have their LLC set up so that the only member is actually their living trust?...

Novice REI here, wondering:- Is it realistic to think I can obtain $1,000/month NOI on a single door ($12,000/year)?- If yes, can I simply divide $300,000 by $12,000 to determine I would need 25 Doors to reach $300,00...

Hi All! I am trying to complete our taxes as married filing separately for the first time.  This question might be more of a general tax information but it will cover our property and etc. So, I am using turbotax in p...

I have been reading a lot and just get way into my readings and I just needed a break from reading for a bit as it's kinda interfering with my school studies :) Anyway, my question is "Is their a lot of money to be ma...

Hello everyone! I've lurked a while but finally posting and getting involved. I want to preface I know this topic has been beaten to death. I've explored those threads and have been reading books, scouring other sites...

How does taxes work for wholesale income? Specifically is it considered capital gains even though you get an assignment fee?

Hi BP! I'm hoping someone can shed some light on some general tax questions as it relates to fix and flips. I've read several posts and have spoken with a CPA, but I'm getting conflicting and spotty information. I'm v...

Hi guys, I've been trying to understand the tax implications of different entity types. I've developed a really short, brief model of how an S-Corp would be taxed, provided that it is 100% comprised of rental properti...