Neil Schall
Newbie Investor tax strategy
Hello Bigger Pockets, I'm looking for tax planning advice for starting out and I want to jump into both fix and flip and rental. I am currently working on a deal for two properties with a private seller who will fi...
Catherine Underwood
Could someone explain short stay rental rules in Hawaii?
As I understand it, Short Stay Rentals in Hawaii take two forms.1) Legal Short Stay RentalsLegal Short Stay Rentals are only permitted in the Resort Zone area of Waikiki as shown in this map. 2) Illegal Short Stay Re...
Steve B.
Need a CPA in Albany, NY area
Can anyone recommend a good accountant (CPA) in the Albany, NY area? Even if they are in Glens Falls, Saratoga, Troy, or Kingston is fine. Tax day is fast approaching and I need some help with last years tax return. S...
Ryan Flake
Help with quit claim process
Hello,
A few years ago, I needed my father to co-sign on a mortgage with me to buy my first home. We decided he would just buy the house instead and I would pay in an unofficial mortgage each month. I moved out of th...
Jay Kenny
Unusual LLC tax question
If I own an LLC that sells engineering consulting services for, say, $20,000 in a year, can I use that $20,000 to make a downpayment on an investment property, and then tell the IRS the LLC had $0 profit?
Debbi O.
Tax assessment on a mobile home park
Can anyone tell me if the assessment on each mobile home in the park on leased land is increased due to individual improvements etc, will this cause the assessment of the parks taxes(park owners) to increase?
Aviance Betts
Considering selling a rental property in Texas
Good morning,
I purchased my first home, a townhouse, in 2005. I quickly learned I was a nomad and moved after a year. I listed it as a rental property in 2008, and I have been renting it ever since. I am looking to ...
Rich Hupper
Applying for loans having no luck
I have been an independent contractor for 7 years. each year i write of most of my income. i never realized until recently this severly limits what a lender can give you. should create an llc or some other identity an...
Kole Kingslien
Seller Financing Details and What to Expect!
Hello BP community,I am posting this thread to gather information on Seller Financing transactions! I am looking to gain as much information and education now, so I can prepare for this possible scenario. I am looking...
Brandon Hartman
Calling all 1031 Exchange experts - Off standard question
As part of my partner and I's year two growth strategy, we will each be purchasing a duplex with an FHA loan that we plan to separately house hack for two years (me with my girlfriend, he with his current roommate). ...