Heather Johnston
LLC versus S Corp?
Hey everyone,I'm a newbie living in upstate New York; I visited an accountant today to talk tax strategy. When I mentioned forming an LLC for asset segregation and protection, he said that an S Corp would be the way ...
Carlos Little
How to report taxable gains on NPNs
Hello everyone,
I am about to begin investing in notes myself, but I have a conflicting question posed by a client of mine who also invests in non-performing notes.
How do you report any gain from these...
Robert Silvernagel
Passing rental expenses through to the landlord
Hi biggerpockets community! I come to you seeking sage advice yet again. So here's my situation. I'm currently handling all management of a friend's downtown Seattle condo via Airbnb while he's living abroad. Things h...
Raeshelle C.
Best way to start out investing with $10K?
How would you invest in your first rental property if you had $10K? I am going to get a personal loan so that I can get started. I want to buy and hold. I live in MA. I could house-hack first and do it through FHA and...
Frank Geneski
Canadian Investors
I wanted to see how many Canucks we have on here, obviously investing in RE in Canada is much different than how its done in the U.S.
It would be nice to talk about formula's, leads, ideas, and anything else to do ...
Gabriel Sanabria
Opportunity zones pros and cons?
Hello everyone,
My question is about the pros and cons of investing in an opportunity zones. Could someone sprinkle a little bit on this topic?
Thank you so much in advance.
Joe Kato
Want to increase cashflow - should I payoff mortgage or buy another property
I have a SFR that was my primary residence until I moved out of the state. It has been a good rental for last 4 years, but I need advice what to do with it. I have about $30K equity in the SFR if I sold it now.. I...
François DesCotes
Went to my first Tax Auction - Here's what I found out...
Hey Folks!I went to my first Denton County, TX Sheriff's Sales yesterday and it was an interesting experience. Thankfully my county is not huge so it was not a complete zoo. I am told that the Dallas County Tax Sale i...
Account Closed
1031 Exchange Tax question
Good morning I completed my first 1031 exchange in 2019 however I am no being told by the CPA we incurred a mortgage boot due to not purchasing a property of similar sales price.
Property sold $1,200,000
Payoff $70...
Brandon Elliott-Pandey
Looking for a Tax PRO
Looking to make a Tax presentation for my Father in Law who LOVES 401k's (with pros and cons) vs investing in real estate as a real estate professional.Would love to have some help here from a licensed professional wh...