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I am in North Carolina. I have a chance to purchase a property at 50% of current tax value. Both the owner and I agree that the value it is way to high based on recent comps in the area. Is the county under any obliga...
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I understand that it's important to hold investment property within an entity such as an LLC. So if I'm just starting out, should my first step be to find a lawyer, form an LLC, then have the LLC buy the property?
Or...
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A fairly specific question. I have a multi-member LLC in Ohio that my parteners and I use to own single family rentals. I am working on filing federal buisness taxes for the LLC in order to generate K1s, etc. But the ...
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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...
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Hello all,Am in the process of purchasing a home. Debating beween buying under my name or an LLC. Which professional should I consult? Already have an LLC setup. Any professional recommendations in the Mason / Cincin...
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hey! I'm looking for someone in Riverside County, San Diego County or Orange County that is savvy with taxes, bookkeeping and business consulting for a young investor with big dreams! Anyone know a good CPA around T...
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I have a primary residence which I will be renting out and buying a second as house hack. What is the best way to report or file rental income taxes in CA? Sole prop with a DBA or simple on my personal. I know I shoul...
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Looking for a CPA. I live in the Greenville, SC area but I don't necessarily need him/her to be local. I am specifically looking for someone who can give me advice and who will correspond with me via email and (to a l...
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Ok, Here is the scenario.... My partners put our first property under contract. They own another business for which they have a line of credit available. We are purchasing a Single family home to either wholetail, r...
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So I am pushing on and hopefully will purchase my first rental property in the next few months. My questions is around the tax implications. For arguments sake, if I net $800/month in rent, how do I claim that $ on ...