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Results (6170)
KJ D'Costa Tax Protection for Flipping Income
23 May 2017 | 33 replies

We're starting our flipping business this year in order to fund our buy and hold strategy. And I understand that income from rehabs/flips is taxed at the highest level. However, we intend to use all profits for the pu...

Shannon Walton Renter and Condo Property
21 August 2009 | 3 replies

I am wondering if someone can help with an issues or point me in the right direction. I purchased a condo in 2007. While buyers were purchasing condo's there were also renters renting and still on the premises. The...

Stephan Kraus If I buy a LLC that owns property, does the tax basis change?
30 June 2021 | 5 replies

Hi BP experts, Im looking to purchase a multifamily property that is owned by an LLC. For various reasons im considering buying the Business VS. buying the property, now my question is: Does the property tax assessmen...

Roberto Costa Licenses and permits
17 January 2018 | 11 replies

I am just about done setting up my LLC, Does anyone know if you need a business license or seller's permit in Virginia?

Robert Schwenkler Managing liability (via LLCs) while using residential loans
1 January 2024 | 17 replies

Hi gang,
I'm just starting to look into/learn about commercial lending, and of course the terms on residential loans are typically better, sometimes by a large margin.
David Greene and other BP hosts talk about how ...

Pat Opiola reporting sale of flips to irs
3 March 2011 | 24 replies

I bought a flip for 60k i sold it for 95k 5 months later the rehab and holding costs were 9k, where do i show the profit? on a schedule D? thanks, also My friend and I bought a property together, we rent it out, do we...

Akash Y. Canadian investing in USA. LLC or personal name?
2 September 2018 | 17 replies

just like the title says should I purchase homes in my personal or under entities like an LLC.

I have read if I use an LLC I will get double taxed in the USA and in Canada

Does anyone know if this is true or not I a...

N/A N/A LLC vs. Corporation?
25 June 2018 | 20 replies

Can someone please explain why it is better to form an LLC rather than Incorporating when starting a real estate investing business?

Thank you.

Neil Sea Canadians investing in USA
5 December 2021 | 12 replies

Good Day BP, I'm interested to hear what Canadian investors have to say about rental properties in USA. How complicated was the process for you to get a mortgage? Were there any things you wish you knew before? If yu ...

Nicholas Kania Guidance on Forming a Real Estate Business: Partnership, Tax Strategies, Accounting
27 August 2024 | 11 replies

Hello Bigger Pockets Community,
I hope everyone is doing well. I’m reaching out to this knowledgeable community for some guidance as my partner and I embark on our real estate investment journey.
Our Situation:
Par...