Aaron Maxwell
Tax deed investing due diligence check list,
Hello everyone I have been doing my due diligence and researching I'm interested tax deeds. I pretty much got the logistics of it but not all the way. It's like putting a puzzle together when you doing it on your own....
Robin Evans
Self employment or long term investment income
Tax season! We bought a property in 2022, remodeled and sold it in 2023, over a year after the purchase. We did most of the rehab work ourselves. Will the profit be counted as self- employment income or long-term inve...
Chris K.
Capital gains on second investment property?
Hi everyone,If I had a second residence that was used as investment property for STR , and when I sell, how are the capital gains taxed? Is it similar to primary residence where only above 250k$ capital gains are taxe...
Brandon Cao
Tenant Checks -- How to Seem More Professional than Payable to Me?
Hello All,
I know we all strive to look more professional as investors. Some of us are willing to go and get an LLC to do so. I was wondering if there was an easier way? Specifically, is there is a way for the ten...
James Munoz
Looking for tax filing advice in Houston!
Hello BP family!
I have a question regarding getting my taxes filed for my LLC. My team just formed the LLC and opened a business account in the middle of December last year 2020. We have not had any cashflow or pos...
Tyler Kress
House Hack vs 401k - CARES Act
Hi All!
I've seen a few videos recently on the opportunity with the CARES act to pull 401k $ for real estate investing. Basically in this analysis we assume we can withdraw our 401k balance with no penalty, and deduc...
Kaveh Narimani
Investing in Peoria, Bloomington, Decatur in IL
I am looking to invest in Peoria, Bloomington, or Decatur IL. how has been your experience with investing in these areas? can you achieve the BRRRR method and follow the 1% rule?
James Fraundorf
LLC member swapping and repercussions?
Hi friends, I have a question for any lawyers out there or anyone who may be familiar with this. This is concerning a property we have under contract in Minnesota. Is there is a way to bring the capital partner on th...
Raj Singh
1031 Exchange and Accelerated depreciation - CRA recognition?
Hi there,
For Canadian residents, I was wondering how the CRA treats accelerated depreciation income and 1031 exchange of commercial properties held under a C-corp in the US? Lets use a case study:
Property purchas...
John Wallace
Need help structuring a 1031 Exchange
We have a mobile home park we are considering to sell. It is owned in 2 LLCs with multiple owners. We need help deciding how to sell with least amount of tax due. Would like to 1031 as much as possible, maybe owner fi...