Phil DuChamp
Looking to from LLC's
I'm looking to put a mortgaged property into an LLC via quit claim deed, I'd also like to form one to be invested in by a SDIRA.Does anyone have any recommendations?
Jhamari Hogan
Understanding Tax Obligations (CLE, OH)
Hello, I live in a Columbus, OH suburb and want to buy an investment property in Cleveland, OH.I pay local taxes in the city that I work in, as well as the city in which I live. From online research, I was able to fin...
Gregory D Coburn
Private loan structure (LOC model)
I am looking for some advice on structuring a private loan. I have an interested party that would like to invest $100k into my business ( I have not yet created a LLC, but plan to). I have discussed some standard te...
Michael Dunn
3 Real Estate / Tax questions I need some help in understanding
1. How does me Making $10,000 a year from Rent from one Rental property , come into play , via Taxes on this $10,000 ?Can i keep all $10,000 of this as Pure profit and Pay no taxes on it via Writing off certain things...
Michael Terry
Mortgage Notes & LLC Taxes
Good morning all, I have formed an LLC out of state in order to insulate myself when buying mortgage notes. If I put that asset in the name of my LLC and receive payments through it, I am assuming I will have to pay s...
Ian Saingarm
Tax strategies for house flippers
Let's say you made a couple hundred thousand in net taxable income from house flipping and you're holding some of that cash through the end of the year until you find another property, so 1031 is off the table. Other...
Josh Carter
Will I get taxed in Michigan if I use a Connecticut LLC?
I have an LLC I formed last year in Connecticut but have been unsuccessful with landing a deal I was happy with in that state. Just found an amazing deal in Michigan. It seems it would be easiest to just use my Conn...
Ally Gao
US resident form LLC with foreign partner
Hi BP experts,
I am newbie from TX. I am planning to register a LLC with a friend who is a foreigner. I have a few questions and hoping to hear your expert advice.
1. Does my foreign partner need to apply ITIN for ...
Steven Bialecki
The #1 Tax Mistake Real Estate Investors Make
Hey BiggerPockets Community! 👋 Excited to be part of such a great network of investors!
I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bo...
Jennifer Pletcher
Taxes question
Hi! This is mostly for the landlords who have properties in other states. We live in Massachusetts, but our rental property is in Pennsylvania. Do we have to file PA taxes as well?