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...
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...
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...
Chris Ready
Tax deductions before owning an investment property
Hi all,New Real Estate investor here in the process of starting out.I know that once I own a property any operating expenses, travel etc. are tax deductible but does anyone have any insight into collecting receipts fo...
Ben Whittaker
My own trust as private lender to my LLC?
Hi all, will try to keep this as short as possible for everyone's benefit!I live in Australia and earn a good salary that has me into the 37% tax bracket.I invest in property in the US via an LLC, of which I am the on...
Karen Johnson
Purchasing Parents’ Home.
Hello,My husband and I are planning on purchasing his parents’ home and renting it out. The home in its current condition would sell for roughly $325K on the open market. His parents are planning to sell it to us for ...
Barry Cooley
Newbie tax questions
Ok all you smart BP members, I have a couple of tax questions. I'm new to real estate investing, and haven't made my first purchase yet. I have been trying to get some things in order while looking for a property.
1...
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...
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...