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!
Pierre E.
Use Multiple CPA's - How and Why
What is the best way to go about using multiple CPA's? Why I ask? Lets say you have a W2 job, a non real estate specialized business with your spouse (pass through income), and own a few rentals. You value expertis...
Mike Iafrati
Realtor & Investor LLC
Hello All,
I am a licensed Realtor of 2 years with limited experience. I am also a RE investor newbie who is evaluating multi-families as I write this post. My question to anyone who wants to answer is this... Would ...
James Pegues
Rental income consideration for traditional finance
I still have a few things to square up before I start looking for properties but recently learned that traditional lenders will only consider rental income after 2 years of being a land lord. I was at a real estate me...
David Fernandez
Legal/Tax implications of buying an LLC that owns Real Estate
Hi!II am looking to buy a small apartment building in Maryland that it is owned in an LLC. The seller suggested to buy the LLC that owns the building to avoid paying transfer taxes.I can save some money doing this, bu...
Derrick Cooper
LLCs
Hello All,
We currently own 1 single family rental, and are about to turn our current residence into a rental as well. We have a $1 million liability umbrella. At this point would you recommend putting the rentals...
Chris T.
Best Wholesale Entity?
I was considering using an LLC for my wholesale business, but it seems that I would have to pay capital gains tax and self-employment taxes with an LLC or a Sole Proprietorship.
And, since I'm not investin...
Joey Harris
Long Term Strategy for Real Estate Professional
Hi. My wife and I are in escrow on a duplex in our city. We are both 30 and currently we both work full-time W2 jobs. I am considered a high earner and in the top tax bracket currently. Our plan is to move her to part...
Oren K.
Tax Considerations for Canadians
Tax structure considerations for Canadians and US foreigners in general can be quite confusing. On the one hand, the mentor courses / boot camps / common advice (including many here on BP) is to just set up an LLC but...