Brock Hoffman
Figuring out utility costs
How should you go about figuring out utility costs / taxes and other expenses for a particular property in your area? I am currently looking at a 4-plex, but I am having a hard time analyzing it because I don't know w...
Harold Smith
What business entity would you use?
My wife and I are self employed and run our current business as an S-Corp to save on self employment tax. We are wondering, since we will be starting out small, should we buy real estate under our current business? ...
Kaitlin Neary
Short Term Rental Bonus Depreciation for high income earner
Hello all! We are relatively new at real estate investing, and are looking for ways to still secure properties in 2021 and benefit from a tax standpoint. We do not currently have REPS, therefore had heard a good way t...
Jim P.
Spouse contributions to Solo 401k
I'm planning to set up a Solo 401K, but I'm having trouble finding information about married couples with Solo 401K's. Should my wife and I have separate Solo 401K's? Can one Solo 401K be shared between spouses (bot...
Hai Loc
1 Entity 2 properties 2 separate loans
I have 1 entity that owns 2 mobile home parks in Ohio. There is an existing loan for both parks. I am in the process of refinancing one of the parks which will pay off the debt of that one park and I will have access ...
Karen Lee
HELOC interest expense deduction
Hi - From what I've been reading there are restrictions on HELOC interest expense deductions. Does anyone know if I take out a HELOC on my primary residence and draw funds to purchase/improve rental property (1) will...
Hari Ku
Entity structure for beginner CA investor
I've devoured all Youtube videos and form posts related to setting up an appropriate entity structures. I've also spoken to a few services popular here on BP. At the end, I'm still confused.Here is my situation- W2 ea...
Account Closed
Should we get a CPA if we don't have income?
We started our LLC in November 2016. We have no income to report and minimal deductions. What is the cheapest way to complete a 1065 and generate K1s and Schedule Es?Is there a good website (like taxact.Com) or shoul...
Michael Brown
Tax Question - 1st Property
Sup BP Fam,My fiance, and 2 buddies, just got a property under contract in Quincy, Massachusetts. (just outside South Boston, and Dorchester) It is a 6 bed 3 bath property. We will live in the 5 bed 2 bath unit and re...
Jake Handler
Seller Finance Payment Method
For anyone that has been a buyer or seller of a seller finance property, what method of payment and tracking did you use for buyer to pay seller monthly? I'm looking for the cleanest & most visible way to access ...