Tinia James
Made no profit this year should I still file taxes?
I started dabbling in wholesaling a few months ago,I do not have an LLC. I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “.
Veronica Ivy
When to form a Solo 401k: before, or after leaving a W2 job?
Hi y'all. I'm about to leave my W2 position and basically be a full time professional real estate investor. I am super sold on the benefits of rolling over my 401k into a Solo 401k and then buying rentals with it.
My...
Vance Payne
Accounting for House Hack
Hello!My wife and I just got our house hack up and running. We are currently renting out our basement on AirBnB. Does anyone know a good accountant that can help us make sure we have everything in order? I am not sure...
Account Closed
Property sitting
If a property has been uninhabited for 5-6 years because we were waiting for the housing market to go back up before selling, is this property considered to be for investment in which case it would qualify for a 1031 ...
Devin Peterson
Lenders and brokers scaling question
This one is for all of my hard-working lender and broker friends on BP. As our firm grows and the volume of loans remains very high, I wanted to ask those who manage small-midsize brokerages questions on how to scale ...
David D.
Investment vs Business Income
If I lend my own money on a note and deed of trust, can I show the interest, points, and fees as investment income on schedule B or do I have to show it as business income on schedule C? I have a brokers license but ...
Manny Rivas
Seller won't provide bank with Sche-E returns
Seller accepted my offer for a 13 unit complex and I've just submitted my deposit to escrow. His realtor calls me today and tells me that commercial financing will no longer be an option because the seller will not pr...
Awais Ghazali
Looking for a CPA!!! - STR focused
Looking for a CPA who has a great knowledge in tax strategies for STR. I have 3 units I’m renting out.
Shane Woods
Getting your Real Estate License in Texas - Step By Step
Howdy! Many of you may have seen my recent thread about my journey to becoming licensed in TX. The thread is here:RE License Journey - TXThis thread will serve as a step-by-step guide, for aspiring agents. This is ...
Huy Hoang
House might not be vacant on the move-in date
I am in a situation that I don't know how to act.In short, my current lease ends on 30th of this month, and the move-in date for the next lease is this 28th (2 days from now). But I have not been confirmed that the pl...