Steven White
Capital Gains
Hello BP! My question is who should I speak to about what to do with capital gains accumulated from wholesaling? Currently the capital is sitting in the company checking account. I'm not sure that is the best place fo...
Grant D.
Lending: Purchase as a Multi-Member LLC vs. Personal
Hello!We are seeking information and guidance to determine if we should purchase a property as an individual and transfer to a LLC or acquire a business loan and have the mortgage in the company's name outright. Inter...
Andrew Pettit
HELCO Loan From Parants
Good Evening BB,I am getting a loan from my folks in the form of a HELCO. We were able to settle on a HELOC and I was wondering if there was any consideration during tax time that my parents that are going to have to ...
Alexis Davila
Looking for a CPA in CA
Hello,I am looking for CPA recommendations in California.Thank you!
April Fleming
Need help with Owner Financing in Washington State
I need someone to walk me through the process of owner financing in Washington State. My grandfather is willing to sell his rental property to me using seller financing but neither of us are sure what to do now. Do we...
Cameron Seider
House Hacking - how do the rental taxes work?
I am 29 and looking to purchase my 1st home soon that I plan to house hack. I live just outside of DC and this is the only affordable way to buy a house in such an expensive area. I’m having a difficult time finding h...
J Newman
Loan from 401k when retired
My husband was able to retire fairly young from a government job. He has a 401k, but he is retired. We were thinking about taking a loan from that to put a down payment on investment real estate, but he said that he t...
Kevin Zou
Any tax implication to move my property from personal to my llc?
Hey All,
I want to move 2 of my investment properties under my personal name to a LLC that I own for liability purposes. Is there tax of any sort that I will need to be aware of if I do that? I am in New York City, NY.
Henley H.
What if 1031 exchange becomes primary residence?
I am looking at selling and investment property and would like to do a 1031 exchange. Their is a possibility that the new property I purchase for the 1031 exchange will eventually become my primary, owner occupied re...
Billy Johnson
Tax Question about inherited property
My sisters and I inherited 34 acres in Florida when our mother passed. The property is in all three of our names. I placed a mobile home on the property as my primary residence about a year ago. I am currently thinkin...