Parveen Tiwari
C corp. & FLP Setup for Canadian citizen!
Hi
Could someone please help me connecting with the right law firm who has opened C-corp & FLP for any Canadians doing business in the U.S.? I want to setup the entity as soon as possible and looking for a good l...
Michael Cabaña
Creative Purchasing Question to Avoid Capital Gains Tax
Good morning BP!My wife and I would like to purchase my uncle's house in San Jose, CA. Is there a way we can purchase the house and he avoid paying the 40% capital gains tax? I would love to read some of your experien...
Dustin Ruhl
Everything You Need to Know About Rental Income Tax
Rental income taxes can be confusing for real estate investors but it is crucial for investors to understand the filing process, deductions, and tax rates in order to be successful. There are a few key points to each ...
Peter Lee
Tax question on acquisition fee
I am in escrow on a commercial building for a value-add deal I am developing and will get an acquisition fee from the LP I am partnering with. How is this acquisition fee classified tax-wise? Is it ordinary income? ...
Carson Plant
How does the new tax laws benefit real state?
Keep hearing about new tax law, but haven’t heard how it will actually benefit us. Can someone please explain it where I can understand what this all means. Tax laws for Dummies, keep it simple lol
Daniel Mendez
Property Investing: ROI Tax Question
Good evening BP,Out of curiosity, how much should one save off of the cash flow that one could make off every unit? For example, say I bought a home and it cash flows $400 a month after all expenses. Am I free to spen...
Justin Greenwood
Real Estate Property Analysis Question Related to Taxes
Hello Biggerpockets community!I'm a new investor. I bought Frank Gallinelli's "Mastering Real Estate Investment: Examples, Metrics and Case Studies" to practice analyzing property data to determine if a product was a ...
Alex Furness
Understanding Closing Costs
Hi everyone,First time house hacker & brand new to RE Investing here! Looking to purchase my first duplex in the greater Philly area over the next 6 months or so. I've started seeing some properties and also recei...
Suneel P.
Tax on Sale of the house
I read that we have to prove that the house is owner occupied for 2 of the 5 years before the sale to avoid capital gains tax. How do we prove that? What evidence we have to provide to IRS? And if we are not eligible ...
Account Closed
Homestead for 21 units MF in Texas
Hi all, I have a 21 units which I am paying a lot of tax due to being in the middle of the city. Would it be possible to stay in one of the units and claim homestead on 21 units property? The property is currently hel...