First off, I apologize if this has been discussed in another thread but I couldn't find anything that addresses my particular situation.I am seeking advice about how to report the profits from a flip with a partner.  ...

I'm planning to partner with a friend on two flips in 2014. We will each be contributing equal amounts of money to the projects. Since I only anticipate doing two flips next year I'd prefer to declare the profits...

Hello all. I have a question my fiancé and I have been mulling for a few months. We want to get married but neither of us are so enamored with the idea that we're willing to take a huge tax hit over it. But we just ar...

Hello everyone,I am having trouble getting answers regarding a split use property that I am about to purchase. The property only has one house number and per appraisal is a single family residence. However, there are ...

Hello, all.  I'm new to the forum and looking for feedback on using my 401k to start flipping and buying rentals.  I've been a licensed broker for 13 years and I've only purchased and sold one investment.  Thanks for ...

Hello,Wanting start an Opportunity Fund to buy and hold SFR property located in Opp Zone.  Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started.  From the reading I've done it...

Charles Kim owns two S Corps: Kim's Tae Kwon Do Inc. and Kim's Brokers Inc. in 2012, he W2ed himself $30k for both corporations. He has two 4th degree black belt instructors working for him and has a K1 of $70,000. He...

My mom came to me today asking about a strategy she heard about where people are paying off their mortgage in 5 years. I was very skeptical about this and told her not to do anything before she did more research. In h...

Hello, I have foreign clients who own investment real estate in the U.S. They are looking to sell and would be subject to FIRPTA tax. Is there a way to avoid paying this? and is there a way to avoid the withholding re...

I'm in the process of joining the business with my family. I'm new to all this real estate investing and management, but I figure it's pretty common sense and takes some creativity. Anyhoo, 2 major things that stand o...