Simone Roche
Tax Question: Rental prop -> failed renovation -> sold
Bought a rental property in LA County, CA back in April 2018. Rented until Sept. 2018. Hired contractor for renovation in May 2018. Due to unexpected increase in cost to complete renovation the renovation project wa...
Tony Bandinelli
Capital Gains and Business Entities
Hello everyone, I am trying to get somewhat of a plan together before I jump into this. If I have no business entity at all and buy a house in my name and do a flip, how would the capital gains tax hit me? Versus if...
Owen Franks
Buying Foreign Real Estate via corporation - Will this be a PFIC?
Hi all,I’m a US Citizen but we are stationed in the UK. From a UK tax perspective it’s better (by far) to buy new rentals via a Limited Liability Company. But I’m concerned from a US tax perspective that owning a fore...
RJ Dixon
Can I fight a underwriter ?
Hello BP! Here is my situation. I currently have under contract 2 homes free standing being sold together, on the same parcel and tax deed. Credit,Debit to income and cash are good. We were denied because the underwri...
Reggie Draper
Needing my first line of credit..
Hello All,
I am new to the forum and I am new to the real estate investment business. I have made a few contacts and I have talked to many people about my interest. It seems that the first thing I need to do is get...
Colton Joseph
Best company structure for my situation?
Hello, and thanks in advance for reading!I am a real estate investor in Central Texas, and have thus far been a Sole Proprietor come tax season. We are starting a new family business constructing, and selling Spec hom...
Steve Davis
Do I need to set up a new corporation for each rental property?
Hello Bigger Pockets, I buy, build, and sell houses through my current corporation that we will call ‘buy&flipincorporated’. ‘Buy&flipincorporated’ only performs flips and owns zero rental properties. I am cl...
Michael Plaks
DEADLINE: Jan 31st to send your 1099 forms
Should you even bother?
Your first question might be – why should I? Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom...
Jon Taylor
I own the business and the building (2 LLCs)
Hoping you tax strategists can help me think through this…I am the owner of a business and the only member in a separate LLC that owns the building.I am in a position to be able to decide how much rent the business te...
Erick Acosta
LLC vs S CORP ? I’m a newbie investor.
LLC vs S CORP ? I’m a new investor who lives in Los Angeles. I’m looking to start Fix n Flipping in the Ohio market. Should I go with LLC or S Corp when investing in out of state markets ?