Gerardo Ali
Should I do an LLC, S Corp or leave it under my name?
I purchased my 4plex several months ago and plan to buy more in the beginning of the year, is it wise to leave it under my name or should I create an LLC/S Corp ? I am looking for the best way to pay less taxes and be...
Robert Littke
Income - Dividends
Tax Question, Can rental income from a property owned by a group of investors in an LLP be distributed as dividends? Thanks for the help.
Brennan Butler
Increasing W2 deductions to prevent getting a refund.
First off, I’m not trying to do anything illegal I’m just asking if this is a plausible scenario.Also, I believe my title should read dependents instead of deductions. Sorry. I have a W2 job and one rental property. ...
Ed Dunbar
ADU being taxed as a commercial sale?
Hello!We sold our home after living there for over 5 years. The home had an ADU which we used as a home office. We sold in 2022, and our accountant is saying that we somehow owe taxes on a portion of the proceeds as t...
Tyler Harrel
Average Cost of Landlord Insurance in Florida
Hello All,
I am looking into acquiring my first rental property and am starting to browse through a variety of different properties and also starting to calculate the cash flow on these properties. Does anyone hav...
Kenneth Hynes
Tax implications of new roof claim / settlement
BP Community I am researching how to handle my situation on my taxes. Background last year had some hail damage to one of my rental properties. PM looked at, called in estimator and said needed to repair / replace...
Darius Gary
Business Plan Question
I am about to start the process of putting a business plan together and wanted to know from the community if you have one or not. If you do or don't why and what things did you include in yours.
Michael Hardler
Real Estate By The Numbers - Question on application
Hello! Trying to apply some of the great concepts and equations from the REBTN book. I think i’m overthinking this problem, so would appreciate some outsider perspective!TLDR: How to calculate estimates on benefit/los...
Ian McDonald
Depreciation recature and capital gains
Hello,Is it just me or does depreciation recapture and capital gains make real estate seem less lucrative or attractive than it used to? I'm not to keep on losing 40% of my hard work to the government. I know 1031's...
Alan Lafontaine
What to do with 401k
Hi BP Universe! I'm in my mid-50's and just starting out. I have a small 401k of around $20k. At this point in my life, I see little opportunity for big growth in that plan. My question is, would it be wise to close...