Landon Sheveland
LLC for Renovation Costs
Hello,I am recently get involved with a fix and flip (my first one). The property is in my name as we plan to live there while we renovate. I was wondering if there would be any advantage creating a LLC or business to...
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
The commercial office space is owned by my LLC. I need to allocate a certain rent to pay myself as I use 2 offices working as a medical provider (another LLC). The higher the rent, the better for tax purposes. Is ther...
Jasper Cooper
Can real estate gains offset short-term stock losses?
I had significant losses from the stock market from stupidly selling at the wrong time. Most were held less than a year.
This year I am selling an investment property. I’m trying to decide whether or not to do a 1031...
Christopher Wiora
Finding tax professional near Madison, WI
I'm starting my hunt for "just the right fit," tax professional and/or CPA for my newly established real estate investing business and was seeking recommendations or advice? Thank you for your time.
Hugues-martin Kalonji
Newbie
Hi everybody,My wife and I are seeking knowledge and expertise on real estate investment. We are young professional trying to build a solid portfolio that will hopefully provide great cash flow.
Tim S.
Should I FIRE my Law Firm?
Hello BP!Long story short, I've hired a law firm to form a single member LLC for the sole purpose of investing in rental properties. However, when electing to be taxed as a sole proprietor (IRS default for single mem...
Michael Corso
TOP 5 FIX FLIP MISTAKES TO AVOID IN REAL ESTATE
It looks so easy! Buy a house, make a few cosmetic fixes, put it back on the market and make a huge profit. At any given time there are half-a-dozen shows on television where good-looking, well-dressed investors make ...
William C.
Cost seg study, but also had major repairs. Best way to handle for taxes?
We own a SFH long-term rental property in Nevada that was placed into service in 2023. We have run a cost seg study on the property and qualify for 80% bonus depreciation. In 2023 we also had a major repair take place...
Kyle Gray
Seeking Legal Assistance quitclaim & tax San Diego California
Hey everyone,I'm seeking a legal professional / paralegal located in San Diego to help me out in the process of transferring a free & clear property within the family via quitclaim. I've done the process before bu...
Eli M.
Property's key points professional inspection
Dear BP family,
I really hope all of you are safe and healthy. Is there a way to professionally inspect a property and to know for sure whether there's structural damage and/or a leak in the basement, or dampness in ...