Choon Yee Dee
Looking for a CPA for tax filing and tax strategies throughout the year
Hello,My partner and I are out-of-state investor from California and we recently purchased a property for STR and looking to purchase more STR this year. We are currently looking for a real estate investor CPA to assi...
Morgan Vien
I live in CA and am buying a rental property in OR. Advice on LLC + Taxes
I live in California and am buying a rental property in Oregon. I need to know if I should start an LLC for this property in Oregon or in California? How do I navigate taxes on this property between the two states, I ...
Chase Hildebrand
The Groundwork
I am new to the forum, but have been doing a lot of research. First off I will describe my situation as best as possible My fiancé and I are looking to get in to real estate. Future plans are passive income with ren...
Step Stheph
Can I develop the lots under my primary residence ?
Hello all and thank you so much for maintaining such informative site. I am in TN and live in a home with its yard that turns out contains 4 lots. These lots just need to be reinstated and can be built on, a home on e...
Price Kenney
C-Corp for every deal?
I’m an investor from Canada researching options for flips. My understanding so far is that a C-Corp is preferable to an LLC for a Canadian as the CRA doesn’t recognize LLCs the same as the IRS and you’ll end up being ...
Brent Causey
Loan with Lake Lot as Collateral
I own a lake lot outright that will appraise for around $50k. This lot is on a high demand lake and lots/houses are scarce, as most lots and homes never make it to market - they are sold through word of mouth. I am wa...
Sylvia B.
Tax on capital gains question
Married couple filing jointly has taxable ordinary income of $30,300 and long term capital gains of $100,000. How much tax is owed on the gain?A. $0 because taxable ordinary income is below the threshold level of $75,...
Brian Versetti
LLC and Taxes with regards to rental property
Hello to all, I am relatively new to owning and renting out property so any help here will be much appreciated! I have rent that comes in for one part of my building and before too long I should have additional rent ...
Jason Malabute
investing 401k money
A potential investor asked me today how can she take her 401k money and invest in multi family deal with me? Can she invest that 401k money with me without getting taxed or penalized? She is younger than retirement age.
Joe Splitrock
Tax Deadline Extended to July 15
IRS just announced the tax filing deadline will be moved to July 15, 2020. This is in addition to the previously announced move of payment deadlines.