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Hello BP!As I'm still getting more into things I'm starting to look at properties and ask myself (why hasn't someone already scooped this up?). With that said I wanted to run one such deal by the community for furthe...
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For someone starting out in fix and flips, what are some things to look for in choosing the right accountant/cpa to start a house flipping venture?
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Hello BP community,
I was hoping you can help me with a few questions about tax planning for foreign investor in real estate. I'm going to buy an apartment building with foreign equity partner and want to ma...
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Hi all. So after looking through pages of previous posts/replies, I did not find a topic that covers my exact question so I'm submitting this one.Can someone please clarify how capital gains and depreciation recaptur...
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Hey I was wondering what people's thoughts were on flipping houses under one LLC. I know in rentals most people set up a separate LLC for each property to minimize liability, but for flipping houses, since it's so sho...
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I currently pay $1700 a month for rent.Based on buying a house my mortgage, taxes, and insurance would come out to about $1300 a month.When looking at my DTI for qualifying for a mortgage, does the lower cost for hous...
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Hello all,Upon research I have stumbled across a thing called a disregarded entity. Let me give a little background. I plan to become a buy and hold investor starting out in Ohio state living in California. I am going...
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I formed an LLC to purchase a rental house. On the Business Privilege Tax form assets and liabilities are entered. Since these funds were not earned by the newly created LLC, is the money used to fund the purchase co...
Hi everyone,First, thanks for reading my post, and for all the information here on BP! Wow! I have a PA home I'm currently using as my personal residence, traditional bank financing, >20% equity, that I've been i...
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Hi everyone,This year I purchased my 2nd and 3rd rental properties in the STL area. I had a SFH in the area already, which is under an LLC. I have not created an LLC for the other two properties. I have been collec...