AJ Felix
$40,000 to invest, advice please!
Hi Bigger Pockets,
I am newbie investor looking to get started in the Baton Rouge, Louisiana region or Conroe Texas region. I have $40,000 to devote to investing and looking to make a start in multi-family 2-4 unit n...
Jayse Brock
Accounting for Multiple LLCs
Ok, so after a recent visit to my CPA for personal taxes, I was asking how I should set up my accounting. I have read a variety of articles on BP and they have been helpful but not exactly specific to my problem. Righ...
Account Closed
Listsource Criteria: Equity % vs. LTV
Howdy,
I am planning to start my first direct mail campaign this month and have decided that I will purchase from Listsource and mail to absentee owners.
My question is,when it comes to criteria, is it ...
Henry Der
Canadians Investing in US for buy holds and flips
Can anyone advise the best structure for both tax and liability for Canadians investing in US real estate for buy/holds and flips? This would be eventually for a larger number of properties in the 50+ range (single f...
Mike Lewis
I made $300k 2 months ago on a property, how to avoid taxes?
This is Texas. I lived in a condo for 5 years before it just sold a few months ago. How do I pay as little taxes as possible? I also have a W2 job.
Collin Chew
Single Owner LLC, Operating Agreement Required?
I am trying to create an LLC for the 3 properties I own. I spoke with an attorney briefly and he mentioned that as the sole owner of the properties and the LLC, I don’t need an operating agreement or EIN. Is it recomm...
Mike S.
2 Person Mortgage, 1 Person Deed
Hi all,I have a Single family rental that I'm looking to purchase but could use some help on the structure component. I plan to partner with my father for the 20% down payment, I'd finance the remaining 80% through my...
Michael Maliszesky
Do I need a CPA for a single unit?
I just purchased my first rental property, a single family house in Virginia. I understand that getting an accountant can help me save money on taxes, but in my current situation am I really going to save much? I'm th...
Vincent N
121 Exclusion
Hi everyone. I have a quick question. As I understand it, if I lived in my primary residence for 2 out of the last 5 years, I would not be taxed for the capital gains from the sale of my home for up to $250k if I'm...
Jereme Tayamen
Tucson Duplex
So my wife and I are beginning our real estate dream. She is currently working as an RN and will be accepting a job in Tucson, AZ at the end of July. We currently own no properties and I work in CA(military) with plan...