Steve Vaughan
Selling massive Senior complexes at 94. Millions in tax savings?
Ran across this in my little newspaper today. A local guy is selling 3 massive Senior Living Centers in WA and 1 in ID. He used to have them across 21 states. He is 94 years old. He owns them in an entity, of course...
Josh Dehmlow
?'s / referral for accountant in Kansas City, MO? (Im in CA)
Hello All : )I live in California and have several properties in Kansas City area. We Recently formed an LLC for the properties in Missouri and am in the process of transferring titles over to LLC. I was looking to c...
Jeff Campbell
Investor made 42k on her first flip I wholesaled her
I sold a wholesale deal to one of my investors let’s call her Ida (haha because that’s her name) a deal in North Little Rock off of JFK a few months back. I always do a follow up call to see how it went and what wor...
Armand P.
How LLC works?
Hi Trying to rap my head around this. Let's say that there is an LLC established and we have completed a few deals. What if one day a member of the LLC wants to leave for whatever reason how would he get out and what ...
Mike Faulkner
You're not going to like this question, but...
As a self-employed VERY small business owner paying approximately 40% of my profit in income tax every year, I am (understandably) not interested in giving the IRS almost half of the money my tenants will pay for rent...
Henry W.
8288-B Compiling my Tax returns for FIRPTA
For the past 4 years I have been investing in Commericial Real Estate and Land in Los Angeles, California. I did do one tax return in 2012 using turbo tax but I never bothered after because I was making more expenses/...
Roosevelt Carter Jr
Pulling court records
Hey all, just curious state of Texas are charging high prices to pull real estate court records (liens, foreclosures, vacant etc) I have been advised that I shouldn’t spend no more then $30 when pulling records from c...
Mike Kratz
Portfolio Loan Provider
What are some guidelines to find a portfolio loan provider? I have called 3 local Credit unions and a couple regional banks and have had no luck so…I might be talking to the wrong person or lender.Or my situation doe...
Ronin Crimmons
Equity Rich - Need Advice
First, thank you for any advice or recommendations. We would like to buy a bigger house and move up.I am equity rich on my primary residence. Own free and clear with value estimate of 2.3 mil. My cost basis is 1.1 ...
Mary Joe
FLORIDA out of state investor need to file Florida return?
Hello, Florida is NOT my home state, I have a rental property in FL, do I need to file FL state return? Turbox Tax prompts me to start a FLORIDA return but I am not sure if this is really necessary for out of state...