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...
Devin Keener
How does the $150k AGI rule work for real estate tax deductions against w-2 income?
I'm new to real estate investing and own one rental and a primary residence. I recently found out about the separation between passive and active incomes and that there are rules about crossing the line on how you can...
Anthony Freeman
Tax advisor situation
Any tax advisors that can reduced the assessed tax rate on my friends apartment building?
Forrest Dabb
Homeowner Capital Gains Exemption with seller financing - taxes
I need help, i have talked to multipile CPA's and they can't seem to find an answer to my question. I sold my personal residence this past year using seller financing. I still have a mortgage on the property. I pay th...
Teron S.
sole proprietor
Hello BP nation,I finally have my first house under contract due to close in just 4weeks and I'm really excited. My question is since I will be owner occupying the 3 unit home while renting the other 2 unit, I want to...
Jay Matthew
Can a land flipper or homebuilder spend all profits on land to be held as inventory?
I'm new to business and seeking some clarity before consulting an advisor. Could a land flipping business or homebuilder (sole proprietor LLC) spend all profits on land to be held as inventory? Any and all advice is g...
Manjot Singh
Power of Business entities
I have heard a lot of people using LLCs and Partnerships as bussiness entities to maximise tax advantages and security
my question is what are they, how to form them and what are the advantages?
another thing i wan...
Jose Botello
Repairs and upgrades to one side of a duplex
If I purchase a duplex and live in one side and decide to renovate the side I’m living in. Can I write off/ deduct my expenses for the renovation?I would be doing this to be able to rent it out in the future at a high...
Jeron Crooks
Filing a 1099 on an Willing Contractor
Hi BP,Though this is my first post, I’ve been following the BiggerPockets podcast and blogs since I moved to DC 3 years ago — it has really been inspirational and life changing for me. The power of the voices on this...
Wilson Lin
Reinvesting LLC profits into RE
I currently have an LLC with another partner. We generate income through web and mobile consulting services. Is there anyway to reinvest that income into real estate as that LLC? What I'd like to accomplish is to be a...