Rose Parc
How to file Sch E when moving rent to LLC mid year
Hello - My rental property has been rented for most of last year. In the middle of the year we moved it from our personal names to an LLC. The LLC was opened up in both my name and my husbands. Do we file one LLC and ...
Tomer O.
Low Income + First Rental = CPA needed or not?
Hi guys,About to close on my first rental property, out of-state (TN), cash purchase, through a turnkey companyI've had and will have a very low yearly income (less then $10K), and I've been filing my W2's via 1040EZ ...
Jonathon Ginanni
How to split a large parcel into 2 seperate parcels?
I have been putting together a deal that has a huge lot with 2 houses on it. Im trying to determine if I should buy and hold both properties or consider splitting the parcel and doing a fix and flip on both. This is n...
Becky Flack
Divorcing couple with shared rental property.
My Husband and I are seeking a divorce. We also own a home in Co. together, I live in Ca. he is moving to Mo. We want to set the property up as a rental and pay him for investments he has incurred since I moved out ...
Andrew Namkoong
Real LLC Tax example
Hi everyone,I am trying to understand this whole tax situation with a LLC and how we actually get taxed.Say I have a property, under my personal name, that generates $1,000 per month on rents and $800 per month on all...
Brandon Paisley
Wholesale contract
So heres the million dollar question that just keeps coming up
Which Assignment contract do you use?
Im looking for examples of assignment contracts that real people use on a daily basis. I have a contract being writt...
Ronald H.
Are the Cris Chico methods of buying being used currently?
Hi, everyone.
Have nine questions. Some have to do a bit with the Cris Chico way of doing things.
If Mr. Chico does not have to know about Rehab Costs, then his contract with the person he is buying fr...
Trey Eaton
Tax Adjustment Strategies for Multifamily Apartment Buildings
I have an (11) unit apartment building in Lakewood, OH, and I am trying to figure how to best approach re-negotiating with the county for lower taxes. The property was purchased at $335K and I am paying property taxe...
Dylan Thomas
Mobile, AL Multi Family Market
Hello Bigger Pockets!
I'm excited to share some insights about commercial multifamily investing in Mobile, Alabama.
1. Market Analysis: Mobile, AL has a promising market for commercial multifamily properties. The ci...
Mike O.
1030 exchange questions
I bought a rental townhouse in 2015 for $180,000(paid cash) and just sold it yesterday for $227,500. I am interested in doing a 1030 exchange to avoid property gains tax and had a few questions. I understand I need to...