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Can anyone explain what deductions are allowable as a limited partner in a real estate deal vs. actively owning/managing a property? For example, if someone creates an LLC through which they invest in limited partners...
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I have had profitable years in the past and have paid a significant amount in taxes. This year will be more profitable than before and I’m working to gain the knowledge to help me not continue to just stay on this pat...
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hello, quick context, I am in the midst of purchasing a 16 unit multifamily property, the property is located in Florida, I, however will reside New York, so I'll neee a diligent property management company to take ca...
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Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...
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I have researched this topic extensively on Bigger Pockets and elsewhere and I am still struggling to understand the tax code.
I have a STR property that went into service in Jan 2022. I met the Material Participati...
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Hi All,As one step towards my real estate investing goals, I have recently acquired my RE license in PA. I am focusing on buyer representation for income-producing properties (I am blessed to already have an investor ...
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Hello BPers! I am a contractor and owner of a mid sized Residential Painting co. in San Diego, CA... We have a very successful company and here is why... I built this business on ONE idea- Do and be the opposite ...
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I have a new prospective tenant, after reviewing my lease, inform me that he believes I am not allowed to withhold ANY of the deposit for cleaning/ or carpet cleaning.Hes telling me that its wrongful withholding of se...
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Investment Info:
Small multi-family (2-4 units) other investment in Columbia.
Sale price: $217,000
Dual representation for Melrose Heights Duplex listing, 1 DOM, record highest current GRM.
What...
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I'm a 50/50 owner in an LLC that holds a variety of real estate. We are looking to either buy our partner out or have our partner buy us out. In order to do this, we'd first like to figure out the true value of the ...