Andrew S Austell
Tax planning for subdividing and building a new house for sale
After buying a property in 2015 i subdivided the lot. I've kept the original original house and lot as a long term rental. In July 2019 I started new construction of a single family home on the subdivided lot. Constr...
Jordan Burnett
For a Syndication LP--Is Return of Capital Visible via K-1?
Hey guys,Another question today about the details of your K-1 and whether or not I can peek under the hood. Does anyone know if it's visible on a K-1 document whether or not you are receiving your own capital back (th...
Jess Archives
Can I use an LLC to do business if the property isn't under it?
For example, I want to use the LLC when I do business with property managers, contractors, opening bank accounts, accounting, cash flow, taxes etc; but at the same time the properties for the mentioned transactions ar...
Tashia S.
Capital for a LLC
Hello BP, The fees for forming a LLC in NY are breaking our pockets!! We've already created a LLC but do not have the funds to publish in our county newspapers. Unfortunately, we do not have people in our network t...
Tom Edwards
My First Deal - Seeking Landlord Advise
After a couple of years of research here on BP, I'm moving on my first investment property in NW Indiana. Its an occupied 2 unit in a residential neighborhood. I have a few questions on how to start my journey as a la...
Will Newton
S Corp Formation/Opperation
Hello! married to realtor here, as a realtor my wife is taxed purely as a 1099 worker so we are paying both sides of FICA on our income at this point. we are discussing creating an S corp to reduce this liability but ...
Gabriel L.
CPA Recommendation & Avg Cost - Providence, RI (or elsewhere)
Hello BP Community,
I am new to real estate investing and am doing my first house hack in the Providence, RI area. I am currently in the process of building my team and am looking for a CPA that has experience workin...
John McKee
Collecting payments automatically
What is the best and cheapest way that I can collect payments automatically from tenants. I'm looking for a service that allows me to have complete control so that tenant does NOT have to create an account, but just ...
Account Closed
First wholesale-need some help
Hello BP!This is my first post. So I'll add a little info about me. I have a single family rental in the Nashville area but now live in the Bay Area (Walnut Creek) where I am closing on a condo tomorrow. My dad was a ...
Robert Haney
Poll: Who has a "checkbook control" IRA LLC ? Has IRS audited u?
I have a self-directed Roth IRA and set up an IRA LLC with a checking account for checkbook control. I'm the manager of the LLC which my self-directed IRA account owns.Some Self-directed IRA Custodians (usually trust...