Andrew R.
Property closed in Dec 2020 but not rented til Jan 2021 - Taxes??
Hello, what are the tax implications if I bought a rental property in Dec 2020 and didn't rent it until Jan 2021? I know this is unofficial and not tax advice, just seeking some thoughts and info. Thanks!
Paul Haviland
Purchasing LLC vs. Real Estate - Depreciation Impact
If someone purchases an LLC (that owns the real estate) as opposed to purchasing the real estate, is there a tax implication regarding my ability to depreciate the LLC's Assets. For example, if the prior owner has de...
Account Closed
S Corp - Are we doing this right?
Hi BP Community,Can you provide some guidance on the best way to purchase a rental property given the below scenario? Thanks!4 Partners planning to purchase rental property using conventional financing. Our lender has...
Meagan Gauthier
Sell my house as a primary residence or as a rental property?
Additional concerns: tax implications, risks, benefits, & any additional information especially involving paying the least amount taxes.
Isaac Wall
Seeking a competent tax advisor
Hey all, looking for recommendations/referrals for a tax strategist and tax advisor / CPA. Preferably remote so I’m not tied to any particular location. Ideally someone that has experience in real estate investments (...
Santhosh Ramani
Out of Country ownership
Hi folks -I'm about a couple of years into REI and own a few properties in AR, TN and TX areas. Never visited the properties - all are managed by different PM companies.Im getting ready for the possibility of relocati...
Antonio Hopkins
Investment property in LLC/ S-Corp or Under Personal
I am looking at buying an investment property. I have talked to a couple of different lenders, and they quoted me 25% down and a fixed interest rate for 15 years at 3.75%, but here’s the catch, this is only if I put ...
Stevo Sun
Canadian/US dual citizenship - implication for real estate
Hi everyone,
My wife is a dual citizen US/Canada. We live in Canada, and she does not hold any investment property because we heard some horror stories about dealing with US taxation. I wondered if there were any tax...
LeBron Logan
URGENT!Federal, Local, and state Tax
I have a foreign (Gulf) investor that would like to do Business with me, provided that I can get him certain information pertaining Properties here in GA. He is asking for the tax implications (Fed, State, local) to i...
Jerome Nunez
Dissolving Membership Interest in LLC with Mortgage Liability
BP, I own a 33.33% membership interest in an LLC that holds a two-family property, alongside two partners with equal stakes. Due to strategic differences, I plan to dissolve my interest within the next 3-6 months. How...