Chris Miller
House Hacking Rent by Room Taxes and Selling House
Hello,Long story short I bought a home 16 months ago and have rented it out by room. I have only had maybe 3 months where I was profiting above my mortgage at 350 dollars. The rest of the time has mostly been breaking...
Tyler Bushey
BRRRR or flip? I cant decide!
I've got a house under contract and I can't decide whether to flip, or refi and hold as a rental.Purchase price - $95kReno - $45000(estimated guess, meeting with my contractor tomorrow)Loan costs - $15kARV - $215kIf I...
Liz Ridgway
Searching for CPA experienced with Florida Condo Invest Props
Hello BP!I am in search of a CPA to guide me in tax strategies for my only investment property which is a condo in Orlando, FL. I am willing to work virtually. - I reside in DFW, Texas- I tellecommute for a business...
David Mcginnis
effect of UDFI on distributions
If my SIDRA (regular/untaxed contributions) pays UDFI tax, what happens to distributions from the IRA? Do I have to pay tax on that income again or do I now have basis in the IRA?Also, I think I understand that bonus ...
Paul D.
1031 exchange just profits or all proceeds
I bought a house for 60k and am selling this month net me 80k and want to do a 1031 exchange. Do I have to escrow the 20k profit only or the whole 80k proceeds from the sell? Do I have to buy a property to defer taxes...
Bryan H.
Flip/LTR Hybrid? Tax incentives?
I know the Pros and Cons of both Fix and Flip and LTR. I was wondering if anyone has dabbled or knows anything about a hybrid option. I know on flips it is considered traditional income due to being classified as a de...
Josh Dillingham
rent to own 1031 exchange and mortgage
In December I bought a single family home, all cash, which was in rough shape and had been vacant for over a year. I had the intent of fixing it up, renting it for a couple years then selling it. I have it advertised ...
Tino Julian
LLC - Disregarded Entity vs. Corp. or S-Corp.
Hey BP Community,I've got a pretty straight-forward tax question (BUT...all my internet research has not been able to give me a clear-cut answer). I have an LLC and was about to apply for an EIN on the IRS website bu...
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing. Answering all Questions.
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Jared Skov
Borrow from your 401k?
Quick poll - How many people have borrowed against their 401k for Real Estate Investing and do you think it's a good idea or no? Personally, I act like I can't touch my 401k to stay diversified, but I have friends who...