was wondering if anyone can give some insight as to which entity is best to form to transfer our properties to.  is there any advantage of forming an s corp vs llc for this purpose?  thank you for any info

This property I am  needs a complete gut but i can do the flooring, drywall, canets, bathrooms. The only thing i really need is plumbing,Boiler(convert to central air) and some termite damage.  SHould i Just hire a co...

My brother is dealing with someone trying to sue them for problems with the house that happened 11 months after they sold it. I just wanted to see if anyone else has ever dealt with something like this. Here is that b...

I have a question about the taxes due when selling a piece of property (in this case, raw land). I have owned the property for more than a year, which qualifies it for long-term capital gains treatment. If I understan...

Hi, My 7 property are under the same LLC (single-member LLC, 100% ownership).  Therefore, I will report the LLC under my personal tax return.  I have a commerical portfolio loan of 7 rental properties.  One single loa...

Hi, myself and two partners have recently formed an LLC (tax treatment as a multi-member partnership) to invest locally. I'm curious if anyone has any experience with commercial loans for small, residential buy and ho...

Hi there, thank you for checking out my post!I live in Oklahoma and would like to inquiry on whether or not it's considered legal to offer a military discount to prospective tenants. I would also welcome advice on how...

I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...

Hello,I am moving from NYC to LA in April 2022 and looking to purchase a property to house hack. My maximum budget is 500K. I would prefer to live in a area that is somewhat lively i.e have cafes, parks and is diverse...

Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...