Jeffrey Hayes
Help! Best entity to form for flips for tax liability
Hi, I'm a real estate broker/investor in Tucson, AZ and I have been flipping houses for several years now. I am just about to be a licensed broker up in Colorado and I will be doing flips up there also. As of right...
Tim Siocheng
New planned tax laws
Now that we will be having a new president soon, i came across an article from marketwatch about the new real estate taxes.
https://www.marketwatch.com/story/10-biden-tax-proposals-that-will-sail-through-a-democrat...
Chuck K
Escrow adjustment question
I got a letter from my lender saying there's a escrow balance shortfall after they've conducted an account review. I can pay it upfront or pay it in 12 monthly installments by allowing them to take the additional amo...
Jalen De Leon
Separate bank account for REI property
Hello!I am about to close out on my first rental property and wanted some advice on storing the cash flow every month. Should I open up a separate bank account? Or is there like a certain type of app that you guys use...
Chris Williamson
Looking for cpa who deals with self directed ira
Does anyone have a good cpa in the Southern California area that deals with self directed IRA’s???
Daniel Gibson
House Listed as 3/3 on MLS but County Assessor has it as a 3/2
Hi folks, I'm looking at a potential house hack and have found a property that is listed as a 3 bed, 3bath on MLS (and it does indeed have 3/3) but the County Assessor has it as a 3 bed, 2 bath.Could this be used as a...
Jackson Pollack
LLC vs. S Corp with $10 million in profit
I know there's a lot of information out there about the differences of S Corp vs. LLC vs. C Corp, but I have a specific hypothetical scenario that I would like to seek others' opinion on as to which entity type would ...
Benjamin S.
Workers Compensation Question
Hi All,
I am in the process of wrapping up my first project. As expected, I had some troubles with the GC on quality of work, what was agreed to VS what was done, etc. I have met a lot of good workers in di...
Bruce M.
Solo 401(k) with checkbook control reporting
For those of you that have a Solo 401k with checkbook control, does your financial institution that holds the funds perform any reporting? For example, do they issue a 1099? My understanding is that the only rep...
Aquila Oliveira
401k to SDIRA for rehabs
I was wondering if anyone had good insights on how to use a 401k to fund deals and flips. I heard you can switch your 401k to a self directed IRA and use the funds to do as such. my questions are the obvious ones. PRO...