Jackie Linne
Taxes for new LLC
Hello!I created a new Single Member LLC in Ohio for rental property. However the property is still under my name, Do I have to report taxes for the SM LLC (which has its own EIN) that technically has no income?I do ha...
Justi Moor
Rookie Rehab Dilemma 2-Family
Hi BP! I just bought a duplex fully occupied and the tenants are paying; but well below market rent at $1000 and $800 for 4-bedroom units. Both units need a new kitchen and bathroom. I have decided to renovate one uni...
Account Closed
Partnership with foreign national - tax issues
Hi all,
Thank you for reading my post. I'm considering forming a REI company with a good friend who is a foreign national.
I know a foreign national can be part of an LLC, but I don't have a clear picture of what ...
Matthew T.
Does Depreciation of one property Offset Capital Gains on another
I am just looking for clarity on this matter. If I have a bunch of depreciation in my holding company, can that be used to off set capital gains tax on my flips?
David Bilandzija
LLC & Trust, no EIN - How can I open a bank account?
Hi BP,I'm representing a borrower in FL and we are at clear to close on his cash out refinance loan (investment property). We cannot close because he wouldn't be able to cash the check for his cash out proceeds. The ...
Chris Tiller
Top locations for Cash Flow or Appreciation?
What are your top suggestions (cities) for cash flow and top for appreciation? I'd like to diversify and curious what everyone is seeing currently.
Shawn Campbell
Attention Indiana and Florida Investors another Newbie
Well, not my first post, but my second. Used my first to provide feedback to someone else. Little bit of an introduction. I grew up on the south side of Indianapolis, lived in Orlando, New Haven, CT and now am livi...
Geoffrey Morales
MultiFamily new landlord
I just took ownership of a Multiplex with 4 units. I have two long term (6 years and 12 years) tenants are on a month to month lease, one tenant that just signed a lease agreement in November and another tentant that ...
Thomas Jaskulski
Rookie in the REI world and ready to get my feet wet! What would you do if...
Hey there BiggerPockets Community. My name is Tommy and I'm new to the REI world but I've had the desire to get into it since I bought my first home - primary residence in 2020 but never had the capital to start. I w...
Nathan Duncan
Starting separate PM business to coincide with rentals
I have been curious if anybody out there has started a PM business to manage their own rentals? The reason I ask is the area where I live there aren't any PM companies locally to help out. If so, how did you structure...