Tyler Kasowski
Buying new home and ready to rent existing home
Hello BP!
My wife and I are ready to upgrade homes and want to keep our existing home for rental income.
We have had a considerable about of appreciation(100k) on the home since we bought in 2011. When we do eventual...
Kyle Geoghagan
Profiting $20k from my very first real estate deal! (Wholesale)
Investment Info:
Single-family residence wholesale investment.
Purchase price: $35,000
Sale price: $55,000
I got a free-trial for Deal Machine as a very broke college student. I went driving in my ...
Sheena Varghese
Flip taking longer than a year and tax implications
Hello,My current flip will take longer than a year, about 18 months. Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. I have all cash in the property and for renovati...
Steve C.
What's your better return- Invest in tax liens or pay down PMI?
Hello everyone smarter than I. Here's the situation; I've one rental SFR at the moment that cash flows fairly well. I'm saving 30% of my income from one job and all my income from a second to have more money to inve...
Bharath Raj
How to pay my portion of property taxes only and get credit
I bought a portion of a commercial property (I own 5100 sq ft detached building while the original owner owns 16550 in 5/2017. At closing, I received a credit for pro rata estimated property taxes for 2017. Harris cou...
Lingo Lin
How to pay zero taxes while owning a business and real estate?
I get the tax code is a series of incentives or penalties depending on how one structures their financial house.Now if I own a business and invest in real estate, how can I effectively pay zero in taxes?If I’m creatin...
Larry Turowski
LLCs and S Corps, how much do you pay for tax prep?
I have an LLC for rentals and an S Corp for flips. Between cleaning up my books and tax prep, and filing my CPA charged me $1,200 last year and it may be more this year. I'm thinking it's just too much. I use Quickb...
Benjamin Allen
Pros and Cons of Escrowing Your Taxes and Insurence with PI Pay.
Hi folks, I'm closing on my 3rd Property next week and I was curious what the pros and cons are of escrowing. I have escrowed for every one of my properties thus far including the one coming up. I guess I was curious ...
Kumar Gaurav
Living in NJ remote work in CA pay tax in both states?
Hello,My employer is in CA and I worked remotely from NJ in 2020 , I also own a multifamily in NJ and earned rental income in NJ. Do I owe taxes in both states even though I did not live in CA?Thanks
Philip Gusterson
Nevada entity flips a Texas property: does it pay TX state tax?
Do you have to file and pay State taxes in states where there is a State tax if you are buying and selling in a Nevada LLC? i.e. Nevada entity flips a Texas property: does it pay TX state tax?