Roy Mitle
legal issues if tenant running business
looking to buy a property. the present tenant already runs a business there.Will I have to be liable for his business -eg he doesn't pay his biz tax and I get into trouble. Or someone gets hurt doing the tenant's busi...
Jason Sung
Title transfer to LLC after living two years. Capital gains tax
Hi, As many of you know, there is primary home tax exemption saying 'You can sell your primary residence and avoid paying capital gains taxes on the first $250,000 if your tax-filing status is single, and up to $500,0...
Andrew S.
Tax Plan for SFH Flip
For context: I have successfully "flipped" three houses in the past 7-8 years, all of which were my primary residence. I'm about to receive the contract on a SFH in NY state (buying outright with cash) with the plan t...
John T.
Personal umbrella policy? HELP!!
How are you everyone. I am just getting so confused about the umbrella policy thing, that I am asking for help to clarify a couple of things. Any advice, opinion or help will be appreciated it a lot, seriously.
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Steve Watson
Profit from financing Mobile Home Sales in Rented Park
If I buy 10 mobile homes in Mobile Home Parks and buy & rehab for a total of $5k and the turn around and sell them for $20k and finance for 60 months in a 2018, what is the profit I pay taxes on in 2018? What is t...
Greg Lindor
Looking for CPA in Broward/Dade area
Hi all,I'm looking for an awesome and knowledgeable CPA in the Broward/Miami-Dade area to help build out my investment portfolio. Namely I'd like to ensure I start off on the right foot with regards to proper corporat...
James Park
Successful 1031 Exchange Stories
I would to hear some real life examples of successful1031 exchanges taken place among BP members? Did you exchange your single families rentals for multiple family? 1031 exchange to commercial properties? Did you exch...
Tricia O'Brien
Real Estate Friendly Tax Preparer in Anchorage?
Can anyone recommend a good tax preparer / enrolled agent in Anchorage? I want some assistance in figuring out depreciation and how various purchases (new roof, new furnace, etc) will affect my tax liability on my si...
Evan Howe
California LLC question
I live in CA and am about to purchase my first OOS investment property, targeting Cleveland OH. I am looking at an LLC vs SP, with the LLC registered in OH. I know CA has an $800/year fee for any LLC “doing busines...
Nathan Hayes
Suggestions for business entity in Colorado
Hey folks. I know there are lots of posts and an inordinate amount of information in the thread about business entities. There was not much that I could see that really answered my question without sitting down with...