Hello,New to the group but learning a ton and interested in feedback from others especially tax professionals. I'm considering partnering on a flip in Southern California. I have a regular 9 to 5 but know someone in r...
So I am 64 and getting ready to retire at 66 or 67. We are really interested in Florida. A condo or townhome.
But here's the issue. Our current home is underwater. Sure I made a mistake of buying at the pe...
How are 1) cash flows and 2) any equity gains upon disposition treated in multifamily syndications? I've never been through one round-trip.My understanding is this: the cash flow distributions are not taxed because of...
My husband and I just set up an LLC and are getting conflicting info from accountants that we've spoken with as to whether or not we should elect for an S Corp.We both plan to maintain full time jobs outside of our LL...
Hello BP! Two questions: can you 1031 a house that you have flipped into your next flip?and also what business structure is best for someone who plans to do a few flips to build capital for B/H MFR properties?I know L...
Hi My name Is Robin Prettyman. I'm a licensed realtor of 10 years. I'm ready to pursue my dreams of real estate investing. I just need help figuring out where to begin. I want to buy cheap homes cash and HOLD them. I...
Yesterday I was cleaning out my office and I realized that I hold the only key to my business accounting and operations. I started wondering how my wife or someone else would figure out my investments in the event I ...
Hi there, i'm a non-resident Alien (British), investing in USA. I'm wondering if you have pointers, people or ideas for maximum tax mitigation as an NRA?
My situation and current strategy:
- my foreign company will...
Hello to all and thanks in advance for any input / feedback.The opportunity exists to develop 6 high end single family units . The entire development team is in place and engaged (Attorneys, architects, surveyors, eng...
I have a Traditional IRA that includes some contributions during years when the contribution wasn't tax-deductible because I or my wife had 401k accounts.Last year I did a rollover of the entire Traditional IRA into m...