Tanya Jayakom
LLC vs LLC treated as S-Corp
Hi Everyone!My name is Tanya and I'm a newbie in RE Market. I'm planning on setting up an LLC for my wholesaling/flipping/creative financing business. I've read some Guru's books talking about LLC treated as S-Corp. A...
Candice Crawford
Best tax tragedy to move income in an partnership LLC
Hello, First time operating my business in a partnership LLC. I have just made my first real estate deal. I would like to open a whole life insurance policy on myself and put recently earned funds into it. Basically c...
Ryan Moore
How to use income from current rental for future loan
I've had my first rental for over a year right now. I've been told that lenders will factor in my rental income into my DTI to help secure a loan for another property purchase. A couple questions:1) How long do I ha...
Brad James
Q on equity investors, raising capital, and LLC
We are venturing into real estate this year and potentially with a personal investor with 12 figures. If that deal falls through, I will have to find a way to finance my goals. We recently started an aerospace mfg bus...
David Farron
New To Miami - Looking for Mortgage info
Hi all!As stated in the title, I am new to to this game and looking for advice. I left my position at a company back in New York to come to Miami and get my real estate license and pursue a career in real estate.I hav...
Joe Howell
How to determine Capital Gains Rates
To all the BP Tax Experts,I am thinking of selling my properties and was doing research on capital gains rates. I ran across this article and was wondering about the income threshold. Is my capital gains rate based ...
Bryen Blankenship
Property Management Company Issued 1099 in Personal Name Not LLC
In May of 2019 I created 2 LLC's for asset protection for my properties in Chicago. One LLC was formed in the state of Wyoming as a partnership to hold my IL LLC as a single member which holds my properties. I've setu...
Greg W.
Self Directed IRA suggestions?
Hey All,
I've become interested in the idea of a self directed IRA as I'm growing increasingly put off by my Edward Jones dude trying to convince me that a 6% rate of return is awesome. I'm also looking into the pro...
Becca F.
Do PALs from RE offset capital gains from stock dividends and another question
I have been doing my own taxes and have a large amount of Passive Activity Losses from my rentals, don't want to mention the specific number but it's a lot in the thousands. I'm a W2 employee, all long term rentals, n...
Loren Becker
Collecting a years rent in advance
Hello,I know this is probably a good problem to have, but we have a vacancy in a high end property in Hermosa Beach. The rents is $8700 per month, our recent prospect tenant is asking to pay a full 12 months up front...