Colton S.
What costs are Tax Deductible?
Hey guys,I have been reading and we are buying our first house in the next month and want to know exactly what you know is tax deductible. I have read that interest is, as well as property taxes. Is there any closing ...
Sophie Mia
Has anyone tried to appeal their property assessment for tax purposes in Philadelphia?
Hi everyone,
Let's say I buy a house which is appraised by the city at about $100k more than what I am paying for it (in 2014). Therefore my taxes will be based on the higher appraisal which took place in 201...
Jesse Kindra
Self Directed IRA or Solo 401k
Hi BP Community,I could use some advise on options available for retirement accounts from past employers. I do have a few accounts available and I think it's fairly easy to rollover into a Self Directed IRA using a cu...
Chris Bluem
Entity Structure and Tax Planning
Hi, I am looking for recommendations for firms that provide setting up correct entity structure (S-Corp on operating side / LLC on non-operating), and also provides tax prep and planning. Real estate and short term re...
Jim Hwang
Seeking help calculating capital gains tax owed
Hello all, I'm trying to figure out the opportunity cost of doing a 1031 vs. Taking the tax hit in order to have more liquid capital to invest. I'm getting a wide range of estimates as a novice and would really apprec...
Joshua Myers
RE professional status and carrying over tax losses
Question for my 2022 and 2023 taxes:I qualify as a Real Estate Professional and I did a cost segregation last year. That led to a qualified business loss of 78k to carry over from 2021. For 2022 tax year I am going to...
Charlie Nghiem
Property being forced to be sold by courts...
I have a property that is an hour away and is selling $28K under tax assessed value. I believe it was built in 1970, I am going to assume it needs a lot of repairs. The owner says he received the property through his ...
Eric Schmalz
Referrals for Tax Advisor & Accountant in greater Austin area?
I'm moving from Colorado to Austin this spring. Starting insurance agency as well as continue to invest in real estate. Any solid referrals for Tax strategist and accounting/CPA firms? Thanks!
Nick Brandon
Investing in the USA from Canada
I’m looking for insight on investing in small multi family’s and single family rental properties for cashflow in USA while being a resident of Canada. I see a lot of deals and opportunity.
Tyler Sample
How to structure entity for me and an angel investor? Help please
Hello everybody, It is just me and a potential angel investor. How should we set up a formal business entity for us to invest in land wholesale deals and storage unit facilities? Located in south Texas/Gulf Coast area...