Reyna Lopez
Will I qualify for loans if I leave my W2 and start a 1099 job?
Hello,I am completely burnt from corporate america and want to start a consulting job that may pay me more than my corporate job. My plan is to sAve a lot of money so that I can start real estate investment next year,...
Jared F.
LLC AND taxes for Syndication Participation
Im participating/investing in a multi family syndication for the first time.
What are the best practices for participation?
Should I create and LLC for the investment?
Should I create and EIN and a business checking...
Buddy Holmes
1031 Exchange to a DST Basis Calculation
I have some unimproved land North of metro Atlanta under contract again.This is planned to be a 1031 cash sale. I bought this property in 1968 so the basis is about 1% of the cash out. I had a mortgage way way back...
Account Closed
Property Analysis Essentials
Before you start to analyze property there is one “Rule” you should know about. Only after your real estate investment is under contract, should you prepare a comprehensive analysis that calsstatecompanies discuses in...
David G West
Cap Gains on Re-entering ownership
Hi,We bought a property last year thru an LLC and the previous owner was there for 2 years so he sold it with no capital gains. For various reasons, we are partnering with the previous owner again and adding him as a ...
Patty Streufert
LLC or existing S-corp?
Hi - we are still reading and learning about investing - leaning towards multi-family properties to hold and rent. Anyway - my question is LLC vs S-corp as a vehicle to shield from personal liability and taxes. We a...
Brandt Moore
Taxes on Profits from Flip w/ Partnership
Hey there, I'm about to close on a flip my grandpa and I completed. The house was bought entirely in his name (non-owner occupied), but we are splitting the profits 75/25 with me getting the larger chunk. Would anyone...
Suhaib Rehman
File amendment to claim passive activity loss in investment property being a Realtor
Good day Everyone,I am a professional in tech, my wife is a realtorI bought the house last year and incurred a net loss. When I filed taxes using turbo tax, I filed Schedule E but there was no form 8582 which is to d...
Charlie Moore
Starting an LLC in pa. What are my limits for RE consulting?
What limits will I have? Can I fully consult and navigate dealings for other investors, including property upkeep and marketing
Rich Hupper
CPA vs Tax Strategist
I am trying to figure out this difference between these two pros. I saw a Youtube video about this topic. I am also concerned my CPA may not have enough knowledge how to save me the most in taxes, and or educate me on...