Johnoson Crutchfield
How Tax Returns Affect Real Estate Investor Bank Financing
I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
Phyo Ko
Seeking advice feel like I am being over sold by CPA/ tax advisors
Hello everyone, I am in the market for a new CPA to help me with setting up business structure and prepare for my tax return next year. I have talk to a couple of different companies but all of them left me feeling ov...
Sandy Uhlmann
Do I need a 1-800 number if I plan to work out my own notes?
I recently purchased some non-performing notes. I was wondering if a 1-800 number was an absolute requirement or if I can just have a dedicated phone number for borrower contact? Of course, I recognize that the 1-80...
Patrick Sherwood
Buying Notes.....screening a potential company
Has anyone ever done business with Azevo, Inc? Any information is appreciated. They help investors purchase notes. My friend is looking to invest some money with them and I might do the same if I can vet them properly...
Brian Wolfe
Buy and Hold Investor from San Diego
Hi everyone! I am new to the Biggerpockets community, though have listened to Josh's and Brandon's podcasts for over a year now, and been more of a passive reader of the wealth of information on BP. My wife and I cu...
Jecarl Viray
Advice in forming an out of state LLC
I am a newbie in BP and would like to get advice from the group. Situation: I live in California and I currently own a rental property in Indianapolis and preparing to get my second rental property. I talked to my CPA...
Bob Malecki
Any opinions on ERISA rules in syndication/private equity fund?
Thought I'd put this out here for any serious opinions. When a fund deploys investor money that comes from an IRA or employee benefit plan or pension plan, that money is ERISA eligible and possibly subject to the 25% ...
Kaveh E.
California LLC Fee when selling a property.
I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.-When I sell the property, would I be paying a tax on the prof...
Tim T.
Seeking advice - passing down rental properties to children
Seeking advice or anyone who has gone through with this.I have a sizable rental property portfolio (80 units) over three states than are all paid off.I live modestly and have very little expenses, and have reached a p...
Allen Cunningham
My mother inherited property with a basis of 25k and sold for 7M in 2022 - Tax help
The property was originally purchased in the 1940's. Mom and dad put the property in a bypass trust in the early 2000's and one feature of this type of trust is assets never get a stepped-up basis. Parents passed away...