How do you divide the profit if its a group of 4 ?How do you file the taxes? The LLC would be shared amongst all? Im new to all this and want to understand these things to go over it with my group.
I'm new to real estate investing and learning about all of the advantages of investing in real estate vs. paper assets – books like Rich Dad and many articles on BP have made that abundantly clear to me. I'm also gett...
Hello all,Just bought an investment property. Before you know it, tax season will be fast approaching. I just want to know how do you savvy investors keep track of your expenses? Any tips? Thanks...
I purchased a turnkey investment property mid December 2016 and now it's time to file my taxes. In hindsight, I should have probably waited to make the purchase early January to avoid this issue, but I guess you live ...
Let me know if have this right. If I use a crowdfunding company like Reality Shares, or Groundfloor, and I receive interest in 6 months, it is considered ordinary income for taxes. Or, if I receive the interest after ...
How do I determine the best avenue for my real estate investing future? What is the best way to be structuring my business?We are shopping for our first turnkey property and have a complimentary consultation on Monday...
I am about to form my LLC. My wife works for a national housing builder and is not permitted to be a member of a company that deals in real estate. Should I be the only member or should I have my (under 18) child be a...
Tax Accountant & CPA Referral in N.E. Ohio?In Cuyahoga county or Medina county [or close] that has experience in rehabs and IRA funded properties. Plus one that can give advise for maximizing deductions
I am a successful mortgage loan officer and I had a very good 2021. I am closing on an investment property in the next week or so. I can either close late December or early January. Is there any benefit for me to c...
I have a buddy who needs a good CPA with working knowledge of S-Corps and filings in the metro Atlanta area. He isn't into real estate as of yet, but plans on getting some investments in the future. He is currently an...