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His exact words....'Don't F@#$*&G do it!!!!!!'. I am very confused now. I have been researching/reading books, blogs, podcasts, anything I can find about real estate investing over the last month or so, trying t...
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Recently, I received a rather rude email from my tax professional in response to an email I sent that simply asked clarification regarding a 1099. In short, he said he did not want to continue emailing me if he was go...
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I reached out to my accountant about doing a cost segregation study in order to utilized the accelerated depreciation, and he said that it’s usually very cost prohibitive and is hard to justify unless you have a very ...
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I will be closing on a house within the upcoming days. The title company asked me for my SSN,which raised a red flag. Why do i need to provide my SSN if I am buying the house cash. It dosent make sense. I am domiciled...
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Right now my LLC is located in California. After paying an immense amount in Taxes to California, we are deciding to move it to Nevada.
We have family there, so we feel that it is a great move.
With that said, I und...
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Hello BP Community! I have recently closed on not just my first, but second multifamily property purchase within the last two weeks! These properties are being treated as out of state investments, and i have hired loc...
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Labor: 180-hours (15hrs/wk, $80K median household income) = ($7,200)
Labor includes reading BP(education), looking at properties, going to REI association meeting’s, talking to banks, agents, internet research(home...
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I am a limited partner in several syndications in Kentucky, Texas and Georgia. I am a Michigan resident. I receive a K-1 for all 3 for my federal taxes. Will I need to file a Georgia and Kentucky state income tax retu...
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so i’m looking to invest in syndication, and one thing i’m concerned about is taxes. i want to be in a passive deal, so syndication seem to check the box. but i also want to make sure tax reporting will be simple. ...
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Hi All, I live in Hoboken NJ and own my primary residence. Currently I am paying 6k per year property tax for my home. I plan to invest in a rental property that is similar to my residence. After reading some articles...