Chase Gray
How does one properly manage the capital of a REIG?
Roughly a month ago myself and 5 other individuals established a Real Estate Investing Group (REIG). We’ve found a property that will provide a handsome return if we properly apply the BRRR Strategy. Each of the six ...
Jeff Anderson
Are SDIRA proceeds tax-free when I am already in retirement?
I am 71 years old and retired. I am taking my social security benefits but I also have savings in a 401k, and a Roth IRA. I've been approached by a local real estate investor to become his "private lender" on fix and...
Ming Ip
Does your CPA charge you for a few questions over email?
So recently, I was going to use a CPA for a corporate tax return. He outlined that book keeping was $45/hr and corporate tax would be $500, and any additional costs to file to USA would be determined later. I told him...
Mikael Winkler
Tax Professional - Columbus, OH
Hello BPers,I am in the Columbus market and am beginning my search for my initial investment property. Before, though, I want to sit down with a tax professional and discuss all tax implications and benefits in regard...
Marcus Welson
1031 deadline confirmation by QI/CPA & 1031 CPA recommendations
Hello everyone. Just finished a property sale. I'm trying to confirm the final replacement property identification deadline because the IRS issued a Disaster Notice that may extend my 45 day deadline.My qualified inte...
Kumud Shrestha
Transferring Deed in Pennsylvania
So, I did my first Single Family Rental BRRRR in Pennsylvania. Everything worked out awesome following Brandon and David Green's Advice.
I bought the property in my name, completed the project and refinanced it. So f...
Jon Lee
Living in CA, own rentals in OR with sister. Where to form LLC?
I live in California. My sister lives in Oregon. We own rental properties in Oregon. We want to setup a LLC in Oregon for the properties, but do I need to also setup a California LLC and/or pay the $800 LLC tax in Cal...
Javier Gaillard
Federal and State Income Tax
What is the tax rate -income tax- for renting property? Is there a State and Federal income tax? I know some states don't charge income tax on rentals, but you still have to pay the Federal income tax?Can you get a be...
George Moehlenhoff
Question about CPA taxes cost
I have an established LLC and we have 1 SFR. We track all of our financials in Quickbooks Online. When tax season comes, we give our CPA access to our QB and send him our W9s from our personal jobs as well.He handle...
Lavon Newborn
Name or LLC does it matter?
Is it ok to you your own name to wholesale your first deal? And then set up a LLC with the funds. Is there any pros and cons to this?