Scott French
Equity Sale instead of Asset Sale
Has anyone ever done an equity sale when selling an investment property? I would like to sell the entire company that owns an apartment building, to an investor that I know. the advantages to the buyer may include ste...
Anna Thanopoulou
Material participation - proof to collect
Hi everyone,I have a few questions around material participation for an STR:1) Activities that count: does anyone have a list of things we know for sure count (eg based on court cases?) Do home improvement activities ...
Jason Sung
Tax return cost: CPA vs Turbo Tax
Hi, I have a W2 job (my wife stays home and I have two kids) and owns a few SFH as rental. I did tax return last year (including buying two SFH houses, selling one house) through a CPA and he charged me ~$1000. Is thi...
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):
REAL Red Flags That Matter:
The Partner Complaint Trigger
Disgruntled partner files Form 8082K-1 dispu...
Andrew Newlon
PPC Management Company
We have been using PPC advertising (AdWords & Facebook) with little success. We recognize the importance of it but I do not have the time to learn how to utilize PPC effectively. I am looking for a PPC Management ...
Mark Forest
Allocating vehicle expenses
Filing out my taxes is getting complicated. Thank you to all of you who have been helping me especially Steven. As I have already posted I have three rental properties I acquired in 2012, and one I have had for thre...
David Repinski
Failed mortgage on rental property(IRS expenses?)
In May of this year I had a failed attempt at securing financing for a mortgage on a rental property. I ended up paying cash and then refinancing two months later. The question is about the cost of the failed mortgage...
Mike Nelson
IRS Penalty for late file on S corp, didt file extension
So I recieved a notice today for a $1560 fine for an LLC taxed as S corp that I started beginning of this year. I didnt file the extension, as the SCORP didnt make a dime ( im an idiot). I realized after it was too ...
Monty Corbett
How to Form an Investor Pool?
Hi All,
I have a few investors looking to invest in a few potential properties. I need to pool their money together but I have a question.
Typically, do you provide a return on the investment while holding the fund...
Aaron Mazzrillo
EPA & Lead Based Paint
This came from a hard money lending in southern California. If you're rehabbing and flipping properties, be sure you are following the new lead based paint guidelines.
"They are searching rehabbed sold proper...