Tara Grogan
Just Flipped my first property!
I am closing this week on a property I bought a year ago for 50k started renovations well more my manual labor, but anyway I sold it for 103k. I was wondering how do I figure out what to send uncle sam for taxes. An...
Michael J.
Ozone Generator Recommendation, Usage Tips?
I have read a lot of recommendations from other REI and want to buy a Ozone generator for myself now, the immediate issue is slight dog smell and bad smoke smell.I am hoping to get a decent one on Amazon for around $2...
Daniel Haggar
Just closed today renters report bed bugs same day non disclosure
New member here and need some advice. I just closed on a 5 unit apartment complex today. The property contains 4 units in the main building (where the problem is) and an out-building (no problem there). All units are ...
Dustin Paschal
Strategic Entity Type and Structure for Diverse Real Estate Portfolio with Tax Focus
I have 5 questions, please read post in full for context before answering and indicate which question(s) you are responding. I have a non-majority share of equity in a few real estate industry LLCs located in multiple...
Josh Prihoda
REPS hours vs Material Participation Hours
What is the difference between REPS hours and material participation hours? My understanding is that material participation are hours that you are actively doing for your properties (day to day and trying to improve t...
Martin Dillender
Starting to invest in RE in a different state. Where to form LLC
Hi all,Not sure if correct forum but my question is this, I currently live in PA and plan on working my current job for about 5-6 more years. I've got 1 property (inherited) in Missouri being rented and want to inves...
Mark Risley
Capital Gains
Hello BP community!I have a client that owns two properties and is planning on possibly selling them both and using the money to buy their dream home. They are a married couple that both bought their homes before meet...
Taryn Elbaor
Capital gain
How do you get by without getting charge crazy capital gain on your taxes at the end of the year in Indiana.
Brandon Sturgill
Does 1031 Impact Ordinary Income From Sale of Rehab Property?
So, my CPA indicated that a 10301 really won't assist in deferring capital gains because capital gains are irrelevant when selling a short-term investment. His explanation is that the profit will be taxed as ordinary ...
Paul Anglin
Is a Termite Bond Necessary in the Southeast?
I have a few rentals and we found evidence of past termite activity in one of them. We've had it treated and bonded, but now I'm wondering if we should consider having all of our properties treated and bonded. It's a ...