Hello folks, I am a newbie so bare with me. I have a question about opening an LLC and the tax implications. I have a full time job and I wish to purchase rental property to buy and hold. Current tax rates for LLCs I ...
Hi all,
Any recommendations for a good tax advisor in the Minneapolis/St. Paul area in Minnesota? My last one moved out of state this past year. I only have a couple rentals for now but would like to form a r...
Yes, great question for my tax accountant. I am working to closing my first REI deal and will not be relying on this property for income purposes. I have scoured the forum for this specific question and do not see i...
Hey BP,I'm looking for somewhere (preferably in the Pittsburgh area) that is willing to take on new clients in order to help me with my taxes before next month's deadline. I would argue that my current tax situation ...
I'm reading Amanda Han's Book On Tax Strategies, about taking every possible tax deduction. A question the book doesn't seem to answer- If I deduct everything I can doesn't that make the property cashflow less or eve...
I was listening to the podcast today - love the fact about where David was going into a property 90-120 days and flipping it. Purchasing it for 75k putting 25 or 27k into and selling for 125k. My question is this......
I have a family friend offering me 7 acres of land for sale in Texas, 30 mins south of San Antonio. It currently has a new doublewide, a single wide and a pretty small lake stocked with fish. He is selling for $300k b...
I just spent several hours today correcting a few very incorrect tax returns prepared by CPAs who advertise their services here. In one cases this is going to cost the client a substantial amount of money. In the othe...
hi everyone! we need your help to choose the business entity that is appropriate to our goals in REI.
my partner and i are focusing on multifamily home rentals with sec8. we are trying to build passive income and may...
Hi everyone,
I came across the forum and there seemed to be some very knowledgeable folks out there so I'm hoping someone can help. I currently own a condo in Center City Philly. I used to live in it but le...