Samuel Liapis
Legal help! Should I sue?
We recently purchased our first investment 2 flat for $280k. Our real estate agent/broker sold us on the property because it had a side lot. He said "selling this lot for $175k would be a fire sale.l, easily worth $20...
Kate McClinton
Second opinion from another CPA?
Has anyone ever questioned what their CPA told them and gotten a second opinion from another CPA? I currently work with a CPA who does not specialize in real estate tax, and I'm second guessing some of the answers sh...
Joe Scaparra
1st Investment Property Acquired. Duplex 1.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $146,000
Cash invested: $46,000
Ist Investment Property, 3 bedroom 2 bath duplex each unit. Bought to provi...
LaRaye Alderman
Real Estate Investing
Hello BP family,My name is LaRaye Alderman and I am a New hungry REI investor with questions. I was informed to post my questions here and that the BP family would help me answer my questions. I haven't done my first ...
Elizabeth Conklin
Guidance for tax mgmt for STR
I have rental income from my primary residence which I use as a STR, since we live overseas. In talking with my current accountant, I am concerned I am missing key items in my tax filing strategy including:1-Rental in...
Bob Galivan
Producing income property, Cleveland Ohio
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $60,000
Cash invested: $60,000
3/1.5 single family home in the Cleveland area. Newly rehabbed, purchased turnkey
...
Raja Gupta
corporate structure
I am planning to get an app developed for real estate. I don't think this app will make any money for at least two years. I would like to expense the app development expense for these two years. I am thinking of setti...
Heather Watkins
State LLCs go in a WY holding LLC. How does the purchase process look from there?
Hi everyone!I have set up a holding LLC in WY and plan to put my CA and TX entities within the holding LLC. My question is, how does the process then become for buying properties in your state LLCs? Usually, the title...
Craig Sweeney
Buying out of California
Hey all, living in California and buying in another state. What safe guards do I need to put in place for buying outside California. I'm buying with my sister-in-law and need to think of ways to protect ourselves or...
Nathan R. Cowger
Cash-out Refi question
My dad and I own a 4-plex in an LLC. We are considering doing a cash-out refi to take some of the equity out and purchase another property. The numbers work on paper. What are the tax implications we need to be awa...