Jason Appel
What Expenses do you pay for in Philadelphia
Hi All,When i run the numbers on properties in Philly, if its a SFH, i usually don't include Water, garbage, electric etc. becuase that can be billed back to client: at least i think.Can somebody please confirm what c...
Account Closed
Rental Property Analysis - Missing deals?
Fellow investors,I created a spreadsheet to help calculate ratios and determine if a property is a good investment. I believe that some of my assumptions are very conservative and may have led me to pass on some acce...
Mario Lopez
General tax deductions for S Corp
I've setup an S Corp for my business and am wondering you can help me identify what tax deductions I should assume at the employer/corporate level? FICA, State Income Tax. Is there anything else that I should account ...
Elijah Jay Dangerfield
Analyzing
okay so my question is in analyzing weather or not this property would be a good start or not. I am not planning on buying this property I just want to get the know how. Would this be a good house to try the "house ha...
Sandy Blanton
WTH do I do with my SD401K Cash? Post-Ubit are the SD accounts worth the trouble?
I love having lots of cash in a retirement account, safe from creditors and bankruptcy. But after learning about UBIT, i'm unsure what to do. Ideally at this time I'd like to flip. We're earning 200% annually cash ...
Kikko Maeyama
Depreciation as profit?
Hi everyone. In calculating on rental property cost/benefit, is it appropriate to consider annual depreciation amount that an investor gets to deduct from income tax filing as part of profit? Thank you.
Michael Weis
Receiving 100k as a gift
Good Morning, I have someone who will be helping me get my journey started by gifting me 100k. I know they are responsible for tax forms on their end. What's the easiest way to receive the money? Is it as simple as...
Sara Cruz
Gmac sold to Ocwen horror!!
It gets worse. My Gmac mortgage was sold to Ocwen a few months ago. I just got off the phone with them...and the Indian guy tells me as of January 2014 my mortgage will go up $200 due to my escrow being negative......
Aaron Hunt
Can you gift part equity of a home each year to avoid gift tax?
Question for RE / tax gurus:If a property is worth $100k, can two parents gift 50% equity of a property to their child and their spouse in one calendar year (2018), and the remaining 50% of equity the following calend...
Tae Kim
How can a foreigner open a LLC bank account outside of USA?
Hi BP members.I'm a newbie investor from Australia trying to open up a bank account for LLC in Michigan without visiting.But when I googled options and it seems most required me to be there. except some online ones.Co...