I am a beginner and in the process of creating my business plan. When creating an LLC, will I need to create an individual LLC for each rental property? (I do not currently have rental property, but am getting my duck...
How did I do on this deal?So, I decided to purchase a second rental property. The property I found was a SFH on foreclosure auction. The price I finally bid was $76k with approximately $4k closing and buyer's premiu...
Hi Everybody,
I acted as a broker in a Public Administrator Auction which my client won. This is the first time they have won and auction and the first one I have been a part of - at least winning one. I am helpin...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
I have become more interested about SDIRAs after seeing them advertised in BP's Wealth magazine and more recently after reading Matt Faircloth's book "Raising Private Capital" and have a few questions. I am looking to...
My partner and I have owned a 2-unit in SF, as joint tenants, since 6/13 (we were tenants from 1999.) We began renting our second unit 11/15, to a family member, but legit—with actual monthly checks paid to my partne...
My name is Brandon Kanakis-Pennell. I am from Richmond Virginia as you can see from the post subject. My experience in real estate has been literally investing in REITs, crowd funding loans, and purchasing my primary ...
Hello fellow flippers. I'm doing my research and I'm wondering what's the best way to see more of your profit, the right way of course. I hear 1031 exchanges are the way to go but it doesn't eliminate capital gain tax...
The basic information for this post has come from the book Aftershock written by David Wiedemer and Robert Wiedemer with the assistance of Cindy Spitzer. These are the same authors that four years ago wrote America's ...
Good Day BP!Can I use the properties rental income to help qualify for a loan? If so, what are the details?