Laura Olds
Need tax shelter ideas
So we did our first (non owner occupied) flip this year, paid cash, and had an offer 5 days after recording. (And here I am complaining--right!!) Needless to say, it went way way faster than I had penciled out and now...
Gordon S.
Filing EIN confusion.
Hey everyone, EIN filing time for my single member LLC. My attorney was so kind to include some documentation about filing for the EIN...but alas my simple mind cannot figure out this quote for some reason. Or maybe I...
Gurpy Ont
LLC Partnership or Corporation structure
Hello BP members, We (two partners) are planning to purchase a cash flowing rental property under an LLC. From what I understand, LLC can be elected to be treated as 1. disregarded entity/partnership for pass through...
Todd Willhoite
Electing tax status for LLC planning to buy land and resell some
Some partners and I are purchasing a large parcel of land. We will probably sell off some large parcels to pay down the debt on the remaining property and then hold some of the land indefinitely. Trying to figure ou...
Alik Levin
Grouping election Regs. Sec. 1.469-9(g) - sample text
Dear all,Any of you have done multiple rental properties grouping election as per Regs. Sec. 1.469-9(g)?If so, care to share sample text of the letter you sent to IRS? Or point me to proper resources? I don't believe ...
Brian Camp
Picking home state for an LLC
Hi All.Is there any benefit to setting up an Single Member LLC in a state where there is no state income tax (and my current residence so I have an address) to hold properties from a state with an income tax? As oppos...
Frank Boet
Florida real state after the elections. Good or bad idea?
Florida is a great place for RE investing. Will the possibility of higher corporate taxes, a state income tax, free healthcare, $15 minimum wage and making Florida a sanctuary state impact real estate investing and re...
Joe R.
100% bonus depreciation question
Can I claim 100% bonus depreciation for tax year 2018 on a new air conditioner for a residential rental property?
James Thomas
HOA Board terms
I live in California. My HOA bylaws give the procedure for establishing the terms of office for directors. The first election calls for the drawing of lots to assign terms (two two-year terms, three one year terms)...
Alex SImon
Agreement of Sale optional inspections
I have kind of a dumb newbie question. I've got the agreement of sale for a property that I'm about to purchase through a turnkey provider. At the end there is a list of optional inspections that I can either elect ...