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Hi Everyone,Looking for some advice on business structuring as I am currently under contract for my first investment property.Situation: My brother and I have decided to partner up and tackle real estate investing tog...
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Just curious, why are you investing in real estate? Is is for the freedom, passive income, wealth creation, bragging rights, to start a business/ real estate empire, or something else entirely?Let us know in the comme...
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I'm looking to BRRRR a CMX2 triplex in Philly where the first floor must have a commercial section. I have a few questions I'm hoping to get clarity on. Maybe some people have encountered this before.1) As the owner, ...
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Hello everyone,
I am currently looking at a value-add office building. The value is converting the current tenants who are all on a month-to-month lease into annual leases and filling current vacancies. Most tenants...
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Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...
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Hello,I have a house that I split into a duplex, each side bringing in about $1500 each.
This has been a great cash-flowing setup as the house was bought for $362k and we've had it for about 6 years.There are some fo...
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Ok, so I got my tax prep bill and I think its way high. For discolsure, my accountant had to file 5 forms:1040 US tax ind return1040-ES Estimated TaxKentucky Ind taxKentucky Est taxKentucky Single member LLC tax retur...
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Hey everyone! Hope you all are doing well. My wife and I just moved out of our primary residence (held in our individual names). We are now going to rent the property at out as a traditional rental. I know an LLC is i...
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I just wanted to make a post recommending City Waterproofing in Akron Ohio for a job well done. I had a literal STREAM of water in my basement whenever it rained. It was so bad that sediment was pouring through the wa...
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I am Multifamily investor that lives in the DMV area. I am looking to invest in my local area as well us a couple of target markets in other states where I have boots on the ground. I target properties of 20+ units in...