Chad Tessmann
Starting Out Tax Deductions - First Year?
I am going to have 2 properties that I am projecting losses on. One is going to be a short term rental and the other is a house-hack. The STR I am going to be building from scratch (in Alaska btw). Are there any ta...
Kenji Tominaga
County Mortgage Tax paid by the Buyer?
Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estima...
Luke McFetridge
Owner Carry and tax advantages
I found a small commercial building where the owner is wlling to sell and carry the note back on the building. Seems advantageous for me so I can avoid bank hassle and small out of pocket. Questions:1. What pitfalls...
David McPhail
Flip house capital gains tax
My question is what are my options for capital gains taxes? I am going to sell a flip house and profIt about $30k. Do I roll this into a new flip house, purchase investment property or down payment on the purchase o...
Ryan Holland
Opening an out of state LLC
I am interested in opening an LLC in order to build credit for future real estate investments. I've read online about the benefits of opening LLCs in Wyoming but I still have several unanswered questions. 1. If I open...
Carolyn L.
Austin Accountant Recommendation for REI Startup
Good afternoon, BP nation!
I know this topic has been discussed about 43 different ways in the forums, so please forgive my 44th version. @J Scott and @Steven Hamilton II have provided excellent interview ...
Account Closed
NEED YOUR OPINION - Cost Basis in an Acquisition Transaction
Hello guys,My business partner and I just had our construction project completed by our developer with a condominium building consisting of two units (one unit has access to its own rooftop and another unit does not h...
Peter Szaflarski
Take Over Parents Apartment Building
Hi Everyone, I am interested in working out some sort of deal to take over my parents 6-unit apartment building. Currently the building is paid off. My parents don't live in the apt. building, they own a single family...
Jason Frink
Out of state investing tax benefits.
Hi BP Family,I live in California and am about to start investing out of state. I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so t...
Ashley Mishin
Finding Owner just by name
I've found a small building in downtown CDA. It's a small abandoned building in between two working businesses. I've found the parcel number, owner's name, and zoning. I've looked up the owner's name online but it's g...