Christopher Lee
Out-of-State company as property owner for asset protection??
Hello Friends here,
I run a real estate business in California. A while ago I saw a post here teaching landlords how to avoid liability by setting up a company/ the property owner in another state, so the tenant cann...
Jacob Chapman
Getting a Rehab Estimate: use a contractor?
Hey BP! so I think I found a good fixer upper for my first flip. as it is my first, how would you suggest i go about getting the best rehab estimate? should I reach out to a few contractors and ask them for a bid? sho...
Lane C.
Dallas short term rental market coming restrictions
Does anyone currently invest in short term rentals in Dallas and if so what are your thoughts on potential coming restrictions on short term rental properties in Dallas? Currently as far as I can tell Dallas doesn’t h...
David Pimenov
Offshore trust anonymity
Under what circumstances can a u.s. citizen have an offshore trust where the govt cant tax money on the funds inside the trust and at the same time cant look into the origin of such funds as long as a foreign citizen ...
Mike Hoherchak
Your thoughts on a strategy to avoid double transfer tax in PA?
So I found a way to avoid the double transfer tax by utilizing 1. an option contract 2. a notice of option contract and 3. an option termination agreement instead of a purchase agreement with the seller. You act as ...
Justin Denham
Income shifting to kids
I asked my CPA about shifting $6,300 to each of my kids on my tax return for the work they did in my business. He told me I would have to 1099 them. Is that correct?
Jessica Meehan
Is this worth walking away from?
Hello,
I am currently in the process of buying my first buy and hold investment property. I am in the York, Pa area and the purchase price would be $25k with an additional $3k in closing costs. The un...
Jeremy Fields
Filing second year return for partnership - first year missed
My partner and I formed an LLC in 2015 and purchased a rental home. This is our only investment property and the sole reason for the LLC. In 2015 we did not issue a K1 and there was no return filed for the LLC. We fil...
Braeden Warg
Concord sneaky duiplex
I've come across a property with a basement which i can turn into a separate unit. There's plenty of parking however when my relator reached out to concord zoning they said it isn't able to be turned into a duplex " ...
Tu Le
Closing in 30 days. Cash deal . No money in the bank!
Hi I just won a bid on a house. I have cash but what is the best options for me to put it all in the bank without having issue with irs or bank regulation.