Bryan Scott
Joint Ownership - One Owner Due More Income Than Other
Hi All,My brother and I recently inherited a 4-family rental unit, 50/50. He lives closer and will be more hands on with the property, so a 50/50 split of profit isn't equitable. I would like to arrange for a fixed ma...
Chris Fusco
Insurance claim & Taxes
Hello,
Just finished my 2022 taxes but it made me realize I have a situation for 2023 taxes that I don't know how I'm going to handle. Here's the situation:
- Had a pipe freeze during a cold snap, led to fairly exte...
Jackson Long
How does the tax benefit pass through the LLC?
Okay forgive me if this is a super junior question...We get all sorts of deductions from depreciation and whathaveyou... But if we hold the house in an LLC... doesn't money we take out of the LLC get taxed like income?
Alex Flaugher
Do property taxes increase with new sales price?
I was recently analyzing a property for a potential rental. This was a single family home and I saw that it was last sold in 2005 for roughly $50k. The owner of the house recently (2016) did a complete renovation and ...
Account Closed
Monthly profit on first investment - What to do with it?
I purchased a home with cash last month. I did a little clean up and now renting it out. I'm generating a nice monthly profit after all insurance, fees, taxes, upkeep, etc. I'd like to save this profit and put it ...
Eli M.
An accountant in Philadelphia, PA Philly
Dear BP community (specifically the Philadelphia part of it),If you know an inexpensive and trustworthy accountant in Philly, who can help me to transfer my LLC from NYS to PA, please, pass along his info.Thank you al...
Bob Evans
Hiring an employee (son) with S Corporation
Hello,
I have a question and was hoping someone who is knowledgeable about running businesses (especially S Corporations) might be able to give some advice. My wife and I are both retired and own an S Corp from when ...
TJ O'Connor
LLC vs. Individual Purchase for First Rental Property Investment?
Hello BP community! I am looking at purchasing my first investment property (SFR/long-term rental) and was wondering if it's better to buy this first property in my name or create an LLC (I'm aware of the liability pr...
Alex P.
Strategy Options for 1031 Exchange to Husband/Wife LLC
First time posting to the BP forum. Have to send a big THANK YOU to all of the folks sharing their experiences and information in this community. Very much appreciated.I am in the middle of a 1031 exchange, having jus...
Stefan Arapovic
I have private money investors
Hi guys, I’m looking to invest in my first deal and I have acces to capital from family and friends that live in Europe. I was wondering is there any difference from taking private money from US and what are some thin...