Good Evening,I just finished reading Tax-Free Wealth by Tom Wheelwright, CPA and it really has my wheels turning on the importance of the right Tax Advisor for your business. How have you all went about doing this? Ar...

I have two rental properties.I own a condo that I rent & I rent one side of my Duplex. Please tell me some tax write offs I could leverage.I

I've been listening to BP Podcast and buying the books for years, now I'm officially posting on the forums. Felling like I'm in the big leagues here! I have been using Corporate Direct to set up my LLCs and was using ...

Hello my wife and I are looking to buy our next rental property under a LLC in California and had a few questions.Would making the LLC a 2 member ownership impact how the LLC could eventually get business loans compar...

Just wanted to confirm this is correct- in Washington state you no longer have to pay capital gains tax on real estate, regardless of how long you owned the property? My husband and I are putting our new construction ...

In short I'm looking to begin real estate investing using the house hacking strategy. FHA loan preferably on a 4-plex.Here is the back story before I ask my question. I own a trucking company and always on the road aw...

Hi community,
I  just started out in my real estate journey and current own one rental. I plan to add more rentals in the next few years and will mainly focus on buy and hold. I am currently debating if I need to wor...

Hello BP family,My husband and I are looking for an excellent CPA/Tax Strategist to assist us with out tax needs. We are new to real estate and want to ensure we are saving as much as possible on taxes and have a grea...

Hey BP, what exactly is rental income? Is that considered all the rent generated from your tenants? Are there any expenses subtracted from the rent to equate the rental income? Is this only considered cashflow? Does r...

The property is located in California.

I am filling out a quit claim deed for property that my brother and I have in joint tenancy. He will quit claim deed his portion to me.

1)
For the transfer tax calculation,...