Kristen Chapin
1099/LLC/SCorp- Tax Advantages
I have an interesting situation and looking for advice. I have contacted my CPA but am still really confused as to the best option so here’s the story. I work as a licensed 1099 contractor in real estate. You can pre...
Guy Primo
What is a good amount of cash flow for rental income.
I am looking to purchase a condo. Here are the numbers I came up with for this property. What do you think of these numbers? Looking to purchase my first income property already have single family. Is this a decent ca...
Cody Burckhardt
What to do with profit from selling a rental property?
Hello, I am in the process of selling a property in Indianapolis, it was purchased as a primary residence but have been renting it out the last five years. I live in Minneapolis and its been a hassle to travel for rep...
Aaron Armstrong
OH NO ! Too much money !!
Haha. Just kidding. I wish I had this problem. But....I am looking for ways to get money out of my business ( construction) and into real estate without getting pummeled by taxes. My accountant mentioned to have t...
Carolyn Morales
Tax strategy for paid off investment properties
What should we expect tax season if we paid off investment property this year, and how can we minimize the tax bill on the income of paid off rentals?
Tony Furgiuele
Free and clear vs mortgages
I have been talking to fellow investors about wether it is better to own property free and clear or have some kind of money against a property even if it is a line of credit. Tax purposes is the answer I get when I tr...
Account Closed
New member looking for some clarity
Hey everyone,My name is Travis and I'm looking into my real estate possibilities. I've always had good success in buying things at a good price and selling them for a profit (even boats somehow haha) and I've become p...
Edward Ray
Do you pay yorself a base monthly salary?
Hi BP'ers,I'm working on my first property.It is a city property that I own free and clear.I purchased it for 8K ,will put 40k in rehab(60% gutted). ARV might be about 55-60k Its a 3/3 duplex.Projected rents $625-...
Philip Coiro
1031 exchange question
My friend's parents are looking to do a 1031 exchange and he had a question I was hoping you can help me with.
They live in a 4 unit house which they purchased 40 years ago and it's currently under contract for 2.1 m...
R Ruben
canadians taxed more?
Hello!
My husband and I are Canadian and are close to purchasing our first investment property in the US. I've recently been told that the taxes for Canadians is higher.
Does anyone know anything about this?
Thanks