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Hi, I am trying to figure out how to best protect my personal assets. My spouse and I are full time property managers focused exclusively on Airbnbs. - My spouse and I own 3 properties.
- Spouse owns 2 propertie...
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Does anybody know whether a US nonresident is subject to the 10% tax withholding on the total proceeds of a US property?
I’m a newbie in flipping house. I’m familiar with taxes but unsure how to file this flipping business. Do I file schedule c or 1120s? Do not want business attached to my personal taxes.
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I have been thinking about this for the last 30 minutes, so I am probably wrong about my calculations.
First, set up an LLC.
Then, get a checking account at a bank and get a line of credit from them... say $100,000 a...
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Hello BP! I am one step closer to officially being an investor. I have been presented with a promissory note secured by real estate by a borrower, but I am very nervous about how to proceed with the drafted note provi...
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Hello,I was hoping you had the time to answer a few questions for me to better prepare for next years returns. First questions is me and my brother want to purchase a property together for our primary residence the ne...
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If you elect an extension for S-corp, would you just estimate your K-1 for your tax return and then be forced to file an amendment after you complete the 1120s?
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Hey gang! Hope all is well for everyone. Like the title says, my question is about using personal loans for flips & down payments. I’ve read a few older posts on this subject but I wanted to ask again for referenc...
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Hopefully this doesn't sound more complex than I need it to be. I recently had my taxes filed with a new CPA, and i'm not 100% certain if my taxes were filed correctly. Im a fix n flipper, and this is my first year re...
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Wondering if anybody has had the chance to work with David Campbell of Hassle-Free Cash-Flow Investments. His concise and informative ebook struck a chord with me, as it is exactly the investment philosophy I am lo...