Mike Bryant
Independent Contractor Agreement - anyone use one?
Hello BPers: We are preparing to use a local "handyman" for a light rehab project; he is not a licensed contractor - just a guy who can help with painting, demo, etc. It is mostly "unskilled" labor. Does anyone use...
Eugene Lee
San Diego - CPA Recommendations
Hi All! I was just wondering if you guys had any recommendations for a good real estate CPA in San Diego. If so, what do you like about him/her? I've never had the pleasure of working with a CPA for tax related purpos...
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
This is a revision of my popular post from 3 years ago. See, the older I get (don't ask), the more annoyed I get with the endless "I WILL SHOW YOU HOW TO CUT YOUR TAXES in DECEMBER" emails, posts, webinars, podcasts, ...
Edward Adekanbi
1031 or C corp
I'm brand new and I have a question that concerns taxes. If you have a corporation which allow you to deduct business expenses do you still have to go through the process of performing a 1031 exchange on your profits ...
George P.
Being flagged as a 'Dealer' by IRS - for this strategy?
Business entity - one member LLC
Strategy: contract assignment and contract assignment with short-term (one year or less) financing provided by the entity to the end buyer/rehabber.
...
Jennifer Alcide
LLC Paying the Mortgage in My Name
Hello,I have a question about LLCs and how to pay the mortgage. I purchased a property in my name and decided to rent it out. I have just created an LLC for the property, but the mortgage is still in my name. Can I ...
Patricia Signor
Need to verify if loan officer is legit
We are applying for a 30 year loan to purchase STR in Florida. I found this loan officer on line because I wanted 30 years fixed and nobody local Will do that. The loan officer is asking for my personal property tax...
Joe Splitrock
IRS Plans to Double in Size - What That Means for Investors
More tax news out of Washington. The administration announced doubling the size of the IRS over ten years. This reverses the trend during the last administration of reducing IRS staff and scaling back the number of au...
Andrey Y.
Deducting my $800 appraisal fee (X2) as an expense for the year
I was just doing my taxes and I realized I had paid for two appraisals ($800 a pop) for two refi's in 2019. Of note, I paid them with a credit card and they didn't appear on the settlement statement at the end.If I ca...
Josh Jacobsen
Rent or Sell
I've just received a job offer out of state (a return to my roots). I've been advised by my mortgage broker that I would need 2 years in my new job before he would give me a loan to buy in that market.
With my curre...