I have not used my self-directed IRA (SDIRA) to invest in a multifamily syndication yet and would love to understand from other investors what you loved/hated about your experience... Thanks!
Hi all. I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property? I am just starting to research this financing strategy and I'm wondering how muc...
I am managing 4 rental properties that me and wife owns. All of them are LTR, I do have a full time job so this is something I do outside of that.
Regular activities include yard work, small repair & maintenances...
Hello! I have been living in primary residence over two years. I've had a hard time selling it and considering holding a note for the buyer. My question is what are the tax ramifications of doing this? I would hop...
Hello BP!
I live in the Chicago Northwest suburbs and am looking for an experienced CPA/accountant to assist with taxes and returns for a mixed portfolio (w2, Realestate portfolio, stocks)
Thanks in advance!
Hello BP'ers,
I am in the processing of selling my property at $200K (Flip within a year time, so short term) and am wondering whether a 1031 exchange is necessary?
Contract Price: $200,000Property Cost: $(130,000)I...
Hello BP,Question about rental income. How do I go about pay taxes for the rental income?Thank you in advanced
Hello all,
Looking for some info. I bought a rental duplex a couple years back. I cashed out refi'd and used the proceeds as a down payment for my current residence.
I'm currently wanting to put my rental on the ...
Hello everyone,
I just about to form an LLC in TX to do property wholesale, and I was wondering if I need to get an EIN number from the IRS for the business.
Is this kind of business taxable and I will need to file ...
I am new. I have been working with the Property Analysis Worksheet and have a question about depreciation. Depreciation is the amount we can claim as a loss each year against our profit. If the property real...