Zackarias Aitchison
Tips on buying an investment property internationally
Hey!I am looking at buying multiple properties in the midwest. I am a Canadian citizen and resident. Are there any additional taxes, paperwork, or intricacies I should know before I approach a wholesaler to buy some p...
Mayer M.
Solo/individual/checkbook 401k question
Hey,Hoping someone can assist.Last year I setup a individual 401k aka checkbook/solo 401k.I have real estate projects in South Jersey and Philadelphia, but the 401k was setup under my NJ flipping LLC. My attorney is s...
Yash Bhatt
New Investor - Opening a business / LLC
Hello all,If I am just getting started in investing, and am planning on picking up a few properties this year and then scaling, I wanted to know your thoughts about opening a business.Is it recommended to open an LLC ...
Seamus Garvey
LLC or partnership question
HI all...looking for a little guidance. My wife & I, along with her sister & husband, are looking to purchase a lake property together. We will use primarily as a vacation home for ourselves, but may at times...
Andre Minott
Incorporating to receive checks vs Incorporating the property
I have two properties, one in Maryland and one in NY. Both are section 8 tenets, and I want to form an LLC just so they can pay rent to the LLC.
Here is my question: for tax purposes, does that matter? Do I need ...
Matthew Shay
Opening up LLC for Real Estate Agent
I am interested to open up an LLC as a real estate agent in NY for tax purposes (thinking to elect the LLC as an S-corp for tax purposes.) Is anybody else doing this and is it worth it? Do you need to put your LLC nam...
Account Closed
Unique Tax Saving Strategies to be aware of
As a nationally recognized real estate CPA, I would like to take the time to discuss tax strategies applicable to real estate investment.In the realm of real estate, there are several crucial tax strategies to be awar...
Judy Wang
LLC or Umbrella Insurance, which is better?
Hi,As the title says, I am wondering whether I should form a LLC company to protect my investment or use Umbrella Insurance. Here is my situation: we have W-2 work as our main income source and 1 primary home and 5 in...
Leatha L. Luttrell
How would you use 10 acres to make a profit?
Greetings fellow BP’sI am a co-owner of a 10 acre property located in Florida. It was left to me & my siblings by our mother who passed in 2013. It has been a liability thus far as it has cost myself and 2 siste...
Eric Armstrong
Any advantage to buying the LLC that owns the property?
I'm looking into purchasing a 6 unit(2 businesses and 4 residential) that is owned by a LLC that only owns this one property. I was wondering what the advantages/disadvantages were to purchasing the LLC instead of th...