Chris Habets
Canadian Corporation and Capital Gains Changes
So, Monsieur Morneau has announced changes to private corporations and to the capital gains tax - but no real details. http://www.cbc.ca/news/politics/morneau-tax-change... I'm assuming this will effect a lot of us he...
Doug Whyte
Question on how to "write off" a loss
Hi!A few years ago my wife and I invested in a Condo Development in BC Mexico. Should have known better! Anyway, nothing ever got built, I never got my unit, and the only thing that did happen was that the developer...
Michael Plaks
Another hog slaughtered by the Tax Court - are you the next one?
You know that pigs gets fat while hogs get slaughtered. The Tax Court once again illustrated this cliché in its recent decision in the Harrison v. Commissioner case (T.C. Summary Opinion 2022-6).
Nicole Harrison was ...
Kyle Neff
Living off investment earnings
Hello BP Community,General question regarding using some of the cash flow from REI to fund monthly expenses. As an example, if I have 10 properties each bringing in $1000/month net for a total of $10k net monthly REI ...
Account Closed
Accounting
How much should I pay an accountant for my first year as a real estate investor operating as an LLC? Is $990/year plus $30/month too much for unlimited mentoring, filing business and personal taxes for state and local...
Marcel Pean
Taxes and LLC
I recently created an LLC back in February and have questions about taxes and bookkeeping, such as do I absolutely need to have a business account or is it ok to spend from a personal account so long as you're keeping...
Michelle Robbins
Brokering Notes to Foreign Investors
Hello BP community,I am a note investor currently living in the states. I have plans in the future to broker mortgage notes to foreign (European) investors. I'm looking for advice and was wondering if anyone has any e...
Mahmuda L.
Looking for consultation
When you are confused about holding onto your out of state rental property or selling it, which professionals help you decide the actions best for you? I am wondering if there is any professional paid consulting servi...
Account Closed
gain on sale of underwater rental property
Hi all- My tenant has just moved out and I would love to sell one of my rental condos. I bought in 2007 as my primary residence for $190kI converted to a rental in 2013 with an adjusted basis of $70kI can now sell fo...
RICARDO RUIZ
QUIT CLAIM DEED
Can someone give me information on a quit claim deed? I am paying off my older single brother's and mother's home because they technically will not qualify for a refinance with a lower interest rate loan. I will refin...