Ryan Truong
What to do with this check!?! Tax help please!
So me and a business partner bought a house for $70k outright. ARV house is worth $130k. I put in the $70k up front in hopes of that he was going to pay his half but over time I saw that wasn't going to happen so I to...
Camille Joos-Visconti
Looking for CPA near Burbank, CA
I am looking for a CPA for tax advice in Burbank or the surrounding areas of Los Angeles County. Hoping to find a professional who is an investor him/herself. I have questions about whether or not we should form an LL...
James Letchford
International Investors for Domestic Deals
I was recently traveling abroad (Australia) for my day job and told some longtime friends of mine about the real estate investing I'm doing in the US. They were immediately intrigued by my approach/success and wanted ...
Mike Bonadies
Rental Room House Hacking Tax Benefits
Hey guys I'm new to the real estate world and I have a question on Tax deductions when it comes to purchasing a single family home and renting out the rooms to tenets in the Baltimore area.I was looking into personall...
Anass M.
Turning Primary residence into an LLC
Hello BP,
I am a homeowner/investor here in Denver, CO. My partner and I bought a duplex last year using an FHA loan and are currently renting out the other unit as well as a room in our unit. We would like to pus...
Anthony Barbato
TIC Syndication: Does it apply for a QBI Deduction?
I have an accountant asking if our syndication is eligible for a QBI tax deduction. Under the rules around QBI, it says that a REIT and qualified PTP income is eligible for the QBI deduction.For reference, here is a l...
Alyssa Paros
Consequences of a New Job
Hi there! My name Alyssa Paros. My husband and I are currently saving to start investing in our first property, hopefully sometime this summer.
We both have full time jobs and make a decent income, he as a mechanical ...
David Ounanian
How can I maximize profits when selling an investment property?
Maximizing profits when selling an investment property involves strategic planning and execution. Here are some of our top tips to help you get the most out of your investment:Market Understanding:-Research current lo...
Lijuan Wei
mortgage note interested income tax too high？
Sold my rental house owner financing last year. This year’s mortgage note interested income is $4312. After put it in turbo tax. 700was charged for federal and state tax together. Does that sound right? I feel like th...
Jay R.
Using your SMLLC to be your Partner on a New LLC Entity
Hello BP! I have a SMLLC (single member LLC) that is currently setup to be Taxed as an S-Corp. I am the only Manager/Member. I wanted to form a new multi-member LLC Taxed as a Partnership. I understand it is perfe...