Hello, have a basic question. My rental property is under LLC and is under contract. Can the sales proceed be deposited into my personal account vs LLC checking account? The rational is use the proceed to purchase ano...
Hi everyone, I filled my taxes jointly for the first time.
Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.
Is this correct?!
Any landlords or investors know of ways you can defer taxes on real estate profits?
Hello all! I am going to sign contracts on my first flip on tuesday. We did well and made big profits and the experience was incredible. Now I want to avoid paying taxes if possible. Do any of you more experienced fli...
Hello BP Community,I am looking for advice on how to sell my STR property. It is a side by side duplex, both two bed two bath units. One unit has a pool and hot tub. The other unit a hot tub.The unit with the pool and...
Buyer wants two contracts. One contract for one property for 5 dollars and another contract for the rest. The total selling price for the package would be unchanged. Are there any implications (like taxes) on doing th...
Hello everyone,I am just starting out with the Wholesale Real Estate process and appreciate any advise on this topic so that I have a clear understanding about the DOs and DONt in RE Investing with SDIRA.Is finder fee...
I'm selling northern California land for under $2k. The buyer sent me a grant deed to sign with a notary. How do I ensure that I get paid if I'm not using escrow?
Am I the only one who is totally frustrated and want to quit.... sometimes!!!I take one step forward and 5 steps back....uggghhhhh!!!I just started my LLC to put my first rental under (it was our home that we moved ou...
I have five investment properties and I'm fairly new to all this. I'm slowly building my portfolio using the BRRRR method and also my own passive income, along with cash investors. I don't want this pandemic to stop...