Nik Divakaruni
Seller-Financed Note Tax Implications...and Portland, OR CPA?
Hello, I've searched a few of the threads in here, but I haven't quite found anything to answer my question fully. So, I'd like to propose a scenario here:Property purchased for $1,000,000. $50,000 in depreciation t...
Lynne MacFarlane
When to establish an LLC - Does timing matter?
Hi BP! We are starting out and would like your advice. We have been reading that there are definite tax advantages to having your properties (as their associated income) contained within an LLC. As we haven’t establi...
Leah Dockter
Converting from a 1031 to a Section 121
If a partnership does a 1031 exchange into 2 rental homes and then decides to distribute them to the partners can the partners qualify for a 121 each? This is assuming each partner lives in a house for 2 of the 5 yea...
Michael Power
Investor vs Dealer - 1031 Exchange
Growing our RE business in the US certainly has its growing pains. In structuring our entities, (we function in Florida, Georgia and soon in Texas), we have been informed that, "...your company is a dealer in real es...
Mohammad Foro
Can a c-corp assume all liability without property title?
I am looking to setup a c-corp to collect rent on my multifamily unit. The catch is, I dont want to put the title of the property in my c-corp's name - I want it to remain under my personal name.
Can I use th...
DeAnna Henson
First "Deal" Looking LIke a Flop! What am I missing?
Hello Everyone!
I have my first "deal" under contract after a year of education and missing out because of analysis paralysis. The property is 2/1 850 SQFT and has had a 15 year tenant that is currently being evict...
Mark Marinaccio
estimate repair costs
I am a total newbie sitting on my first lead. I have int. and ext. pics from the property (vacant) and have built a relationship with the absentee owner but I need some help estimating the repair costs.If anyone could...
Shannon Smith
Should my first deal be buying a small mobile home park
Hey BP community. I'm new to BP and a newbie investor. I have a bit of book knowledge about Real Estate but not much real life knowledge. I own a tanning business which is great but I am looking to change business dir...
Matthew Vanden Avond
Father is selling his business, what are his best options with the new money
Hi Gang,
My father is retiring and selling his business/property. I'm trying to think of the best ways to 1.protect the income from taxes and 2.create a good investment vehicle for his future retirement. He does ha...
Steven Robillard
Septic isssues. What is the average cost for new Septic in MA?
“Septic you can estimate anywhere from 10-40k depending on what system has to be installed. This would be if it needs a new one.”True or FalseLocation Blackstone, Massachusetts