Phil Christie
Private lender terms advice
BP community,I have a friend who is interested in providing his capital for me to acquire multi-unit rental properties. This friend is in a high tax bracket and as a result is not interested in the cash flow or even ...
Joe S.
Lease option question for Ohio
I have a property that I am looking to buy in Ohio that I am considering doing a lease option as my exit strategy, is there anything that I need to be aware of to be compliant for Ohio?
Angela Choi
Queens, NY - Need Advice or tax referral
Hi. First time poster and first time buyer. Have been debating a bit on whether to buy a ready-to-move-in single family home or a duplex (to live in one unit and rent the other) in Queens, NY that needs quite a bit of...
Bob Evans
Hiring my son - please help!
I have a question about the best way to hire my son to maximize tax savings.
I am retired and have an S Corp from back when I used to be a travel agent. Now my only income is from rental properties (not under the S C...
David Dachtera
Corporate Transparency Act
Just heard about this tonight ... Google: "corporate transparency act summary"It's set to take effect Jan 1, 2024, apparently. Here's a little of what may come up:"The Corporate Transparency Act (CTA), enacted in 2021...
Will Barksdale
Ownership percentage vs. profit allocation percentage
BP,
I have an interesting question regarding ownership percentage vs. profit allocation percentage within an LLC.
I want to have an operating agreement where party A owns 60% of the LLC and party B owns 40%. Addi...
Jose Vazquez
Wholesaling Contract Question
Hey guys. I was wondering where we can obtain a PA state approved wholesale contract. Is there a website we can visit to purchase one or will we need to have an attorney draft one?
Justin Summers
Tax question on Self Renting- Single Member LLC to SMLLC
I'm buying a campground and for liability protection reasons I'm looking at holding the real estate in a single member LLC and Renting the real estate to another SMLLC that I also own that will run the campground oper...
Mike Wells
Astonished at my tax services bill!
I have 6 rental properties, all Single Family Homes. I was previously paying a tax professional around $800 to $900 to prepare my tax returns for my 6 properties as well as my personal. I am using a new tax profession...
Jessica Phillips
Karlton Dennis Short Term Rental Strategy
Hi everyone! I'm looking to buy my first rental property this year or next in Florida and I recently attended a workshop on how to save on taxes using short term rental properties by a tax strategist named Karlton Den...