Tariq B.
Tax taSelling Two Primary Residence Within A Year. Military. Tax.
Greetings! Happy New Years!Question for the tax pros or people much smarter than I. I am in the military, active duty. I rented my previous primary residence for a couple of years after I moved on orders. As it was my...
Certain Carl
How to determine property taxes & insurance when purchasing
Hello community!I'm using this online app: https://www.cashflowestimator.com to calculate a rental property's cashflow. I wanted to know how to accurately determine a property's taxes & insurance to get a more cor...
Jeremy Rivers cooke
Cloud based tax services and tax accountants
Any recommendations on cloud based accounting services? I'm going to be operating a small construction company as a GC and eventually investing in single family flips and rentals. Thanks in advance.
Nick Vafa
19 Year Old Newbie Looking to Expand
Hey Everyone,I’ve been on BP for about a year now but have decided to finally introduce myself. For the past year and a half, I have dived into real estate investing and am constantly learning new things. I started ou...
Malachi Weary
Your Team of success
1.Attorney- Allows you to set up the property business intity. Having a formal business setup will protect your assets and provide tax advantages to you. Your attorney will file your paperwork with the corporation com...
Justin Young
What is rental income?
Hey BP, what exactly is rental income? Is that considered all the rent generated from your tenants? Are there any expenses subtracted from the rent to equate the rental income? Is this only considered cashflow? Does r...
Julio Gonzalez
Additional Benefits from Past Cost Segregation Studies
As many investors are aware, a cost segregation study is a very beneficial tax planning tool that can create a very quick ROI. A Cost Segregation study is an IRS approved federal income tax tool that increases near te...
Juan S.
Should I form a LLC before purchasing my first investment
I'm about to purchase my first investment to flip. Should I purchase it under the LLC or not?
Kaleb Shobe
Buying a Abandoned/Vacant That Property Taxes Have Been Sold
I’m new to real estate purchases and only have 2 properties that currently own. There’s a vacant land/home that I am currently eyeing. The owner died in 2020 from what records I can find. Researching the property on c...
Andy Young
Another Capital gains question
I am selling a multifamily I bought for 100,000. Over the course of owning it I have paid off $25,000 of what I owe on the mortgage.I paid 25,000 and got a mortgage for the 75,000.I am now selling it for 200,000.I am ...