Chris Coleman
SE Tax issues of adding spouse to LLC?
What are the SE Tax implications of adding my spouse to my LLC? Here's my scenario: Right now, all of our income comes from my employment salary, and from investments (rental income from RE and Stocks). My income is...
Daniel Halsted
Contacting the lender for pay off amount
How do you go about contacting the lender to find out how much someone owes on there property that is already in pre-foreclosure? Are there public / subscription web sites for this or can you just call the lender dir...
Kris Haskins
mortgage company rescinded the sale after the winning bid
Yo BP, I closed on a house the other day, but at the same time the foreclosing trustee was auctioning off the house at the courthouse steps in Virginia. I know, this is weird. Apparently the listing agent didn't thi...
Jamal Harb
Cross Border Taxation for Canadian
I am a Canadian investing in the US and the time has come to do the taxes. I have researched intensively the ins and outs of US taxation by reading and speaking to accountants. Filing can be accomplished in one of two...
Jeff Warner
Finding Short Sale deals, non mls
Ok, I know that I can go to a Realtor office and get a recent list of short sale's currently on the MLS but there has got to be a better way to find deals.
I'd love to hear what people are doing to find deals NOT on...
Henry Li
Rental income tax for international buyers
Hi, I had several international buyers who were travel visa holder. They purchased some rental properties here in Mass. I heard that the first three years are tax free. First of all, is this true? Secondly, what ab...
MIke Adler
Help with form 3885a (bonus depreciation) for California state return
Hi BP community,Invested in my first real estate syndicate last year. Received the K1 from the partner and completed the federal return easily. How can I accurately complete Form 3885A for my real estate syndicate inv...
James Graven
Where do landlord's look for an eviction??
When a landlord does an eviction check, where do they look? Is it just the official records?I know someone who lives with two roommates and they have 4 (yes, 4!) judgements against them for an eviction just since Feb...
Jeff Miller
Sec. 121: Is Home Office to Support Rental Treated Diff. vs. Other Home Business Use?
I'm trying to reconcile my (50/50) partners historical tax treatment of our mixed-use residential property with mine, among other things.
She's always had a tax pro, I've always DIY.
A big mistake: I've always done...
Rebecca Wilson
Tax Deduction Rental Rooms
I moved out my 4 BR home in late 2017. Purchased new home different city. Beginning Apr 2018 I began renting out 2 of 4 BRs in old home. How do I handle tax deductions? I visit the property occasionally for personal ...