Peter Kopchik
Off market deals? How to approach owner?
I have a house nextdoor to my multifamily house where I also live, that is possibly a good off market deal. The owners are elderly, husband died earlier this year. House is in blight conditions. How do I go about co...
Lilibeth Garcia
LLC, Series LLC or LLC taxed as a C corp
Hello,I am looking to start flipping homes and adding rental properties in the near future. I will be working with a hard money lender who requires and LLC or Corp. After reading about LLC's I'm a little confused abou...
Scott Esmail
Looking for an Real Estate accountant in Orlando area
Hello,I am looking for someone who specializes in Real Estate accounting in the central florida area to file my 2016 Taxes and work with possibly in the future, I have approx 100 single family homes in Florida. Can an...
Isaac Pyle
What are your thoughts on 203k FHA Loans?
Hey guys! A little bit of background, I am looking at my options for a bit down the line (I am in school now), and I am strongly considering a 203k FHA loan to finance a house-hack, so that I can relatively quickly bu...
Jimmy Suszynski
REI Business with foreign partner - too much info to dissect
My inlaws have taken interest in our real estate investing and would like to invest for both of our benefits. They're not from a country with a tax treaty with the U.S. So we either take the 30% flat tax or treat the ...
Jim Hwang
Help determining depreciation recapture
Hi all,I've struggled for weeks to get a definitive answer to this, and am hoping the magic of the BP community comes through here: how do I calculate a rental property's total depreciation amount from which 25% will ...
Chris Martin
Florida Rental Tax
My girlfriend and I are looking to begin in REI with a house hack in the West Palm Beach area. With any lease under 6 months in Florida being subject to 6% sales tax plus additional county tax, I have read that those ...
Deborah Frantz
Tax question on a rental property that was bought through a housing program.
The program required half of the profits from the sale be paid back into the program. A check was wired to the county at closing by the settlement company. Do I add this payment to the closing costs? The 1099-S I was ...
Matt Ferch
Advice on transferring ownership of my father’s house to me
Hello, my Dad is interested in understanding and identifying the best way for him to leave his house to me, while minimizing taxes. Generally, what are some the ways this could be handled and the relevant considerati...
George P.
Being flagged as a 'Dealer' by IRS - for this strategy?
Business entity - one member LLC
Strategy: contract assignment and contract assignment with short-term (one year or less) financing provided by the entity to the end buyer/rehabber.
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