Nikola Dokic
Max out 401K vs Paying More Taxes (but having more cash)
Hello BP Community!I have one deal under my belt and want to purchase another property by the end of the year, but I am running into a personal finance dilemma. I make very good income (over six figures) but because o...
Sunny Burns
What do I need from Seller before Closing? Keys, SD, Estoppel...
So this is only my second investment property I am buying, and the first was a vacant quadplex. This is the first time I am inheriting tenants and want to make sure I am thinking of everything before we close this Wed...
Jay Yoo
Tax Implications for Limited Partners in multifamily syndications
First of all, thank you 🙏 much for your time in advance helping me understand the tax implications for multifamily syndication deals. I would like to be informed as much as possible so I could answer any questions for...
Chris Sickler
Do I separate LLC for both my flipping & rental buisness?
I have been flipping houses for 3 years now under my LLC, but was wondering if I should start a new LLC specifically for my rental properties. How does everyone else structure their flips and rentals?
Anthony Petrarca
Letter of good standing and 1031 Exchange
Hopefully someone can shed some light from experience.I'm in Rhode Island and going to do a 1031 exchange and my accountant needs to obtain a letter of good standing from my state. The accountant claims that I need to...
Jared Boundy
capturing missed depreciation when selling an investment property
Hi all. So I am one of those folks who missed taking depreciation on my rental, but it's been 14 years. Now that I'm selling the property, I found this mistake. I'm filing for 3115 to claim the missed depreciation (...
P B
Washington State B&O Taxes
I recently moved to WA (Vancouver area) and wanted to start investing in property here, mostly residential rentals. It seems that WA has some type of B&O tax that is apposed to anyone doing business in the state....
Alan Davis
Realforeclose.com properties
I've been following the realforeclose.com on several Florida cities and I'm stumped why properties are being sold for thousands of dollars higher than their "assessed value" listed on the site. Often times tens of t...
Edward Segaar
Cost for a CPA
We are closing on our first rental next week and have been looking for a CPA to help with the tax filing. What is a reasonable cost for hiring a CPA? We live in PA and buying in FL.
Sabra Kay
Where to buy primary residence...
Hi Everyone,So I was planning to get into SFH and Multi-family investing in the next several months. I currently rent and was planning to continue because it works better for me. In light of what's going on in the wor...