Andrew Hofing
Transferring Profits from One Company into Real Estate Co.
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...
Eric Schrader
tax implications of the buy and hold property
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 ...
Mike Lightcap
Deed split for inheritance tax reasons?
Hi everyone, wasn't sure where to post this question so I put it in here.
I have a neighbor whose mother was just recently hospitalized for a broken hip at age 90. She is rehabbing now and doing pretty good. This i...
Jeremy Morgan
Potential buy with Difficult Tenant
Good Morning - We are looking to invest in our first property and came across an interesting opportunity. My mother put us in touch with an old family friend that is looking to sell her recently deceased father's home...
Adi Bajaj
Using car for personal and business LLC
Hi,
I started an LLC and currently I am also employed. I use car for my personal use and would like to use for business as well. Any ideas to separate expenses so that I can legally use the car for personal as well a...
Tim Uittenbroek
Looking for CPA to give advise on setup for NRA
Hi all,I'm a non-resident investor and will shortly be buying my first properties in the US (NC in particular). I'm looking for someone that can advise me on the best setup from a tax and legal standpoint.The plan is ...
Kevin Gerace
can I write off flip expenses for a house selling in 2016?
so I asked a question yesterday, but after sleeping on it I think this is the heart of my original question.I flipped a house this year, but it won't sell til next year. Some of the money I used for renovations was al...
Jimmy Thomas
Partnership 2 LLCs/S. corps
Hi All,Looking to form a partnership to complete a few deals within the coming year. I already have an S. Corp formed and the partner would like tp form a new one for our joint ventures. What are some tax, legal, and ...
Terry Lee
Help.. I don't want to be personally responsible for the taxes
My wife and I recently started looking for properties to wholesale in Arizona. I planned to set up a new LLC to protect our personal assets and avoid the personal tax implications associated with the money earned in ...
Gerilyn Bristow
Royal Legal Solutions Texas
I am a current client of Royal Legal Solutions out of Austin Texas. I am almost scared to ask this question, but here it goes. Has anyone had dealings with them and are they legit? I am starting to wonder. I am not re...