Hugo Tornero
Do I need to start a business
Hey I’m just buying my first property, I’m thinking about putting it on air bnb. Do I need a business for tax purposes or can I just file taxes as normal but just with the added income of course. Thank you for your kn...
Matt Haman
Which business structure to choose
Looking into starting a business for putting my rental properties under. I haven't talked to a CPA yet but my wife and I would be the owners, and we currently manage our own properties. Looking to maximize the tax ben...
Ann A.
Tax questions for Private Lender
Looking for tax related advice. If I lend money to a real estate investor friend, I would get a 1099-INT at the end of the year. Which would go as personal income in 1040. Is there any way of treating it as business i...
Sharon Tzib
Purchasing an LLC vs. the building for Tax Savings
I just read a guru ascertaining a tax strategy for commercial properties.
He said in order to avoid paying the large transfer taxes which result from the sale of commercial projects/properties, buyers frequently requ...
Jeff Botheroyd
Form of entity ?
Looking to get funding for our first deal.We've heard about Lima Capitol at the beginning of podcast #167. What we want to do is get the pre-approval out of the way first so we can look at and make an offer on a renta...
Steve S.
How much liability insurance should I carry?
I believe the policies i have are $300,000 of liability. What would compel me to purchase more?Should my personal net worth play into it at all?
Jerry Poon
LLC or Corporation?
What is the best form of business for a real estate investing business to maximize gains and minimize taxes if I were to go solo? Should do an LLC, Corporation, or just a Sole-Proprietor? What if I had partners?
Steve J.
Should I create an LLC?
Hello BP,I am house hacking a single family and living in the basement. I hired a PM for the top unit, and they are requesting my social to report my rent income so it can be taxed. Since I am house hacking and this i...
Jason Turo
Rental operations under an entity (LLC, etc)
Would you share your knowledge and examples of operating rental properties under a business entity (LLC), compared to owning them personally? Please address within the following topics and any others you feel appropr...
Will F.
LLC for flipping or Peronist name w more insurance ($800 LLC fee in CA)
This may seem controversial or “not by the book” for many. but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flips
Do most fl...