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Hi BP
I am running through some scenarios for a first rental property which will be out of state using a PM.
The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...
I know the correct answer to this ... contact a knowledgeable CPA ... and I am looking for one, but in the mean time I wanted to see if anyone any insight into this.Here is what I want to try to do:Set up an S Corp to...
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Real estate is one of the most tax-advantaged investment strategies out there.
Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.
Making millions a year and often paying ...
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I am a new investor currently with one rental in South Dakota. I am looking at a multi-family unit in Minnesota and was wondering if there was any differences between South Dakota and Minnesota? Also if there are any ...
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I'm guessing not good? Does 60k W2 income look a lot different than 60k 1099 income?I'd like to be eventually self employed, but real estate is my primary goal in life. I'm willing to stay at my job if banks hate self...
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I was wondering if I could get some advice from people who know something about finance and investments. I think most people on BP know that if done properly investing in real estate brings better returns then the sto...
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ok, my obsessive compulsive nature has ran it's course and I just cannot figure out on my own what the amount on my Form 1120S K-1 Line 15 represents. It has a code A and has something to do with depreciation and AMT...
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Hi BP, I currently have Traditional IRA funds that are invested in stocks, but lately I have educated myself about going the self-directed IRA route. I met with a self-directed IRA custodian yesterday. However, give...
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When putting together our first multifamily deal, we built in a cash reserve to be used over a five-year hold for such things like capital improvements and unit upgrades. We don't anticipate using all this money in ye...
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I have been looking but can't seem to find a definitive answer on this question of the tax consequences on a partial 1031 exchange.I sold a rental property in Colorado for $397,000 and purchased (thru 1031) a rental p...