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...
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
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...
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 ...
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...
Daron Williams
Wondering what to use for starting out small business
So the first area of RE that got me hooked on the idea of investing was doing tax sales.. All i have been doing is watching podcast and reading books..i have one lot that is water view on the market, and in the proces...
Keith Hoffman II
ISO Tax & Legal Professionals
Reaching out to the BP community for recommendations of tax and legal professionals close to my area specializing in real estate investing. Services I am looking to get help with are business entity creation, tax pl...
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...