Nathan K.
Calculating My Buyout as Partner
I've lurked around here quite often for good while now. It's time for an actual post.A partner and I own a fourplex together 50/50 and I'm thinking that I'd like to cash out and go on my own now that I would have the ...
Account Closed
Forming an LLC out of state, living in California
Hi all,
Firstly, I would like to ask if anyone has a good real estate attorney reference in California?
Second, can someone help me understand costs around forming an LLC out of state while I live in California. I k...
Gustavo Nascimento
What is an acceptable response time for a CPA to prepare my tax return?
Hi there. I know this question is vague, so here is the sitiluation: I hired a CPA well regarded and very active here in BP, in January, to prepare my 2023 tax return. I paid for a cost seg study on my only str proper...
Robert Ferrar
Deal Analysis: Multi-Family (Easton, PA)
Hi All - Thanks in advance for any suggestions / insights / recommendations.
My partner and I have crunched the numbers and it looks like a good deal to us, would like the greater opinion of the BP community. I plan...
Reggie Youngblood
Quick Question About Closing
Is it legal for the buyer to pay the assignment fee at the time of the assignment, or does that have to take place at closing? Also, if it is ok for the fee to be payed at the assignment, would I have to go to closing?
Ross Ellington
Tax breaks?
Good afternoon everyone! I'm new to REI and was wondering if any of you would share with me any tax breaks that you know of or implement in your business. I don't know if it matters, but my goals are to buy, reno and ...
Brad Cogswell
Baltimore tax lien - cost to foreclose
Hey BP, and particularly Baltimore folks - Another BP member, @Kenneth Futrell , and I are thinking of doing some work together on a tax lien that he purchased. We had a couple questions and were hoping some folks who...
Amy Biddle
Establishing the entity and tax plan before I purchase
Hey, so I'm getting back into REI. I never did this right before. Lots of shooting from the hip. I want to do this right, finally.Now I have a small amount of cash in a Roth IRA. Enough for a downpayment on a small mu...
Ryan Gillis
How does transfer tax work when wholesaling (Pennsylvania)?
I'm playing middleman between a seller and buyer. When do I pay it? Do I pay both of the double taxes? Can I use transactional funding for it? What should I know?
Juan Carlos
Potential Deal Scenario
BP Community,
I am looking for your input on a potential deal. I am interest in buying a single family home to Fix & Flip or BRRRR. I will House Hack while rehab is taking place with a roommate to help out with t...