Justin Pineiro
1099 worker- tax question. LLC EIN vs Personal SSN.
I was recently hired as 1099 independent contractor in Florida. I have been curious, what are the benefits on registering an EIN for LLC vs a personal SSN? I believe that by transferring over everything from my name...
Charles Moore
Own rentals w/ little equity in my name w/ primary home in Trust?
Hi, all!I am looking at acquiring 3-4 properties through a 1031 exchange from an appreciated rental that I have in my own name - I already have that part figured out.What I am still researching is whether or not to p...
Petronella Kerssens
Advice needed on purchasing multiple properties in Florida as European investors
We are seeking advice and guidance as we embark on our journey to invest in real estate in Florida. Our goal is to purchase a new construction home as our first investment, with plans to acquire four more properties i...
Heissen V.
Subject-To Deal:What are the tax implications on subject-to deals
What are the tax implications on subject-to deals?
Does the seller require to pay a gift tax? Any capital gains? (Current market value - Original purchase price)
Trevor Davis
Tax write-offs when house hacking
I was wondering about the exact tax implications that there are when house hacking a single family home. I’ve read that you can either go by the amount of rooms rented vs rooms you occupy or by square footage of the h...
Account Closed
What are the tax implications for the seller in a seller financed deal?
Hey All, Did some research in the forums but could not find an exact answer to this one, hoping someone out there can help: What are the tax implications for the seller who owns a SFR outright and seller finances? ...
Matyas Sustik
Sweat equity taxation
I hoped some experinced members could point me to the right resources on the following situation.Assume you syndicate a deal and as part compensation for putting the deal deal together, for finding the right property ...
Aaron Smith
Trust --> C corp to a S Corp
I am currently working with the owner of a large mobile home park, and he would like to sell, but is worried about tax implications specifically due to the fact that he holds the property in a trust and changed the pr...
Michael Ramirez
How would you proceed? (Hoarder seller financing deal)
Hey there BP, hope you are all safe and healthy. So this is my first post, and it just so happens to be with questions about this potential deal I am developing for a rental property. I've developed a relationship wit...
Jason Krawitz
W9 requested by tenant.
Good afternoon! I'm working with a tenant that is a business. They want to pay me via EFT which I'm fine with. However, they want a W9 form from me to set up the EFT. I'm no tax expert by any means. The only sensitive...