Luke J Nelsen
Is a 23% Effective Tax Rate Too High?
Hey BP Fam,
I just got off the phone with my CPA and it sound like me and my wife's effective tax rate will be upwards of 23%!! When I first started in real estate last, everyone made it sound like an incredible tax ...
Walt B Philip
Rental Tax Question - taxes on cash flow
Just getting started with rental property investing and I’m wondering if the cash flow generated above and beyond all expenses (PITI etc) is taxable as income in NJ. Numbers to illustrate the question: PITI is $3000/...
Sandra Holt
No Cost Solar Panels on Rentals?
I am having Solar City come out next week to assess whether my primary home and 2 rentals are good candidates for solar panels. Their schtick is that they pay for the system (so no out of pocket to me), and I pay low...
Account Closed
Need help with HELOC on rental property....can this be done?
Hello there, I am new here so I am hoping I found the correct forum in which to post. I am a rookie with only two rentals and I live in the Dallas area. I would like to do a HELOC on one of my rental properties beca...
Kathy Tan
Out Of State Investments- CA to OH
Hi,I live in California and am looking into investing in a property in Columbus, OH. I'm new to out of state investments and if anyone has resources on the following, I'd be really appreciative:-How do taxes work if I...
Leigh Ann Smith
Get separate federal employer ID for nested entities?
We have a federal employer ID (FEIN) for our original business. Then we formed a single-member LLC, so now we have the LLC doing business as (DBA) the original business. I would like to get a separate federal emplo...
Mary Newman
Steps before finding deals
I've got the basics down on how a wholesaling deal works but I have a few questions on the steps before even marketing to find the deals. Do you have to register a business with the state, if so, what type of business...
Nicole A.
Estate planning - How did you set up yours?
Hey folks! My partner and I are in the middle of estate planning. To note, we do have an attorney selected, but I'd love to hear what others on this site have done in their own estate planning. It definitely has a lot...
Joe Capobianco
how can my dad transfer property to children?
My dad owns a vacant lot in Pennsylvania he doesn't want anymore and asked my brother and I if we wanted it. I'm posting here to find out the easiest way to transfer the property from my father to my brother and I. is...
Chinmay J.
IRS withholding refund?
So I get my taxes filed by CPA for the first time in my life, and paid a premium fee of $685. Things went smoothly for the most part, other than couple of MAJOR issues which I cannot afford to overlook. I am detaili...