I've never hired an EA or CPA before and need advice on vetting them to avoid being taken advantage of. I feel capable of handling my accounting in general, but I primarily need help with taxes for my real estate and ...
Having a hard time finding info on Biden’s tax plan on long term capital gains. I see he’s Proposing basically doubling the rate for the 20% bracket. Does anyone know if his proposal effects the 0 and 15% bracket?
Hello,Say I sold a home and I paid capital gain taxes because I lived in there home more than 1 year. Where my capital gain was $50,000 my capitals gains tax bracket was 10% which leaves with $45000 profit. Do I have ...
I am new to real estate investment and plan to start out as a private lender. I just closed on a HELOC on my private residence. The interest rate is currently 4%. I plan to loan money to established successful real es...
I'm under contract to purchase an apartment building in Ohio. I have the option to purchase the real estate or to form an LLC, transfer the property into it and purchase the newly formed LLC that owns the real estate....
My reasons: to have privacy and avoid as many costs, fees and taxes as possible; my idea was to get the seller to sign their property on a warranty deed to trustee (recorded) with me of course being the beneficial int...
I am looking to meet with my account and figure out how I can avoid Uncle Sam's wrath. I want a LLCs for my rentals, however should my flipping business be a separate LLC or the same? I market to houses with my bus...
I'm hoping to capture some depreciation by doing so. Plus I look forward to 1031 exchanging it without having to wait to move out again and turning it back to a rental for a year before being able to do so. As it stan...
Hi- here's my scenario and I need answers/suggestions around any loopholes or tax implications I should be aware of. This is all new to me but I think I have a plan. I want to do a $150,000 cash out refi on my investm...
I am in the process of setting up an LLC for note investing, I have a question regarding quartery LLC Tax paymentsI know these are only made for Net Gains, If I continue to reinvest my gains into new notes does this a...