Jennifer Lee
1031 exchange on duplex deed separately
Hi BPI am future planning.I kinda know about 1031 exchange but never done one, b.c #1 timing and #2 not cost effective at the time------I bought a duplex that has 2 separate deeds, I am currently rehabbing and hopeful...
Richard Pince
How to Tax shield my yearly Bonus?
Hello,I am a new investor and I have a question for the BP community. This year I will receive a sizable salary bonus from my employer. Through our retirement program we have the ability to defer 100% of our bonus t...
Bob McKee
Partial 1031 details?
This group has been a tremendous resource for me. Thank you! One thing I am still a little confused on relates to partial exchange. I know that is blasphemy for some of you (haha) but I have my reasons.
Simplified S...
Jeremy Lee
LLC for rental property and property mgmt
Hey all,
I was curious to know when opening an LLC for a rental property, what the stipulations are. Do the names that are on the deed/title of the property have to match what's on the LLC?
For instance, if my pare...
Michael Fortier
Tax Preparer in Lubbock
Does anyone know of a good preparer in the Lubbock Texas area? Last year as my first year with a rental house and I have always used Turbo Tax in the past to do mine.
Greg D.
Looking for both a CPA and Attorney Referral
If you have either a CPA, an Attorney (or both) who you really like, I would really appreciate hearing about your experience.I'm looking to start a new business and am looking to find both a CPA and an Attorney who ar...
Yolanda Williams
Flipping Income Gain
What amount is considered income on house flipping for tax purposes?I purchased a home for cash-no mortgage for 25k put 25k in repairs in and sold for 79k, net 71k. How can I defer or decrease the taxation on income. ...
Matt Keller
Realtor LLC tax question
I'm a realtor in California. I recently filed an LLC to save money on self employment taxes by creating an S Corp. The LLC should be done in around 20 days. I have two transactions that have just closed and a third on...
Troy Baack
Newbie with a unique financial situation
I am new to real estate investing and have a unique situation in that I inherited a significant amount of money which is currently in a personal trust. I am trying to figure out if utilizing the trust as the funding a...
Joe Brummitt
Seeking advice on LLC setup with investors
Hi All! I am partnering with a friend to start an LLC to purchase multi-units. We will be raising money from friends and are looking at the best way to structure. I have read an LLC. I have read an LLC with two separa...