Edwin Vega
How does opening a LLC and S corp help lowering taxes?
I currently work at a aero space company and get company stock released to me twice a year. I head from my supervisor that if you open an LLC then open s corp you get a tax break. Was wondering if anybody has any exp...
YiBing T.
How to claim depreciation after Quitclaim a property to an LLC?
HelloI have been listening to a lot of podcasts that talks about doing a Quitclaim Deed to transfer a property from personal name to an LLC for asset protection purposes. I am interested in doing it, however, I am con...
Jeff G.
Estimating Income Taxes on cahs flow
Why are income taxes never incorporated into cash flow calculations? I am on track to have 6K positive cash flow in my first year for a house I bought this January. I however don't have the slightest idea how much o...
Bob Hance
Michigan Millage Rates
So I am updating all my information on REI from over 20 years ago since I last invested. Yikes 20 years!!!Here is a link to the Michigan Millage rates in case anyone is interested.https://www.michigan.gov/treasury/0,...
Steven Hume
Cost Segregation Discussion
Hello all,I am currently looking to network with commercial real estate investors in the Houston, Tx area. I want to hear opinions on cost segregation and advantages/disadvantages of the process. I enjoy having these ...
Ben M.
Tax increases killing cash flow
It is nice to have the equity from the appreciation we are having but the tax increase is killing my cash flow. I guess when looking at the equity on the back end it is still a win but this is making things a bit tricky
Haiyang A.
Rehab costs on Schedule E Line 19 Other?
I have a tax-related question. I acquired an additional property in October last year and incurred rehab costs in the last two months. Since it’s not my first property, I think I can deduct operating costs on Schedule...
Chris L.
Can I deduct passive losses the year my rental property sold?
I sold my NJ rental property in 2017. I also had a passive loss for the rental property in 2017. With the sale of the rental my income was over 150k. I recognize that one can not take a passive loss if their income is...
Alex Nelson
Will contesting property value affect my refinance?
I'm currently on my first rental that i purchased last year. The purchase price was $170,000. I just received a letter from the city stating that the property has appraised for $177,00. For tax purposes, I'd like to c...
Scott Johnston
Cash out refinance distribution to investors (tax implications)
We are looking at building a model where we refinance to pull cash out and return capital to LPs. Typically cash out from a refinance is not taxable but does it become taxable if excess is given to LPs beyond their in...