Joe Matthews
Question about LLC in multiple States
I’m looking in multiple states to buy “flip & hold” . I want to buy under an LLC but have come to realize they are state specific. How would I go about setting up an LLC so I can search and buy properties in sever...
Eva Fox
divorces, exchange of QD and tax consecvences
Warm greetings to EverybodyPlease do not tell me I need to talk to CPA.I already have, not much help, I will keep trying.My situation is really a little bit unusual.I decided to crack in pieces, and maybe someone can...
Sandra Arnold
Real Estate Tax professionals in Richmond, VA?
I recently got my real estate agent license and need to start an LLC and I also want to get into Real Estate Investing. I've been trying to find a tax strategist/CPA as well as attorneys here in the Richmond, VA area ...
Brett DeVita
SFH qualify for 1031 Exchange?
I recently closed on a single-family home that I planned to renovate and rent out. But now I'm considering selling it and rolling into a larger rental property through a 1031 exchange. I want to make sure this qualifi...
Soh Tanaka
Accounting/Tax: Reading real estate books to be a "professional"
Accounting/tax questions:
Many of us know that in order to qualify as a real estate professional status, one of the things you have to do is you have to perform more than 750 hours of services during the tax year in ...
Bruno Mauro
Pre-Rental Tax Deductions, and Military Discount?
Hello!
Reposting this because I just realized there is a section committed SPECIFICALLY to Military investors.
I currently have a 2BR/2BA Condo that I am house hacking, renting out the secondary bedroom and using th...
Xingchi Liu
Should I Invest in A Flipping Partnership Out of My State?
Hi Guys! Newbie here wants some advice.I recently came cross an opportunity, where a friend of my wife and his business partner plan to start a partnership to flip houses in NYC boroughs. I read their proposal materia...
Sean H.
Two self directed ira investors investing in each other?
I know with self directed iras, you are excluded from investing into family members. So, my girlfriend (no legal ties, other than the same address) has a lot of money in her self directed ira, and i will as well. If w...
Sergey Kalina
Writing off a house HELP!
So, I bought a house in the spring of 2019, did a full rehab inside the house but not the outside yet. My question is from a tax standpoint. Do I write off the money I put into the house in my 2019 taxes or do I wait ...
Ows News
Stupid questions ...
I have a couple of relatively stupid questions. I have a feeling that I know the right answers, but in this business its not about "feelings", it's about facts. Please correct me if any of my statements are erroneous....