Denise Ortiz
I SOLD a property through OWNER-FINANCING. TAXES and CYA?
So, last month I sold a piece of land through owner financing. I made sure I did it with an RE attorney. She just said that I need a good CPA, I don't have one. Honestly for last year, I didn't make enough to get out ...
John Rankin
Creating an LLC in which state
I currently invest out of state in Indiana. Would it be better to create an LLC in Indiana or my home state? Or should I create an LLC in Nevada for example where I hear has great protection? What if I end up investin...
Sachin Maskey
Boo-keeping - Self or company
I am looking for cost effective company who can help me with my bookkeeping. Any feedback will be appreciated for the bookkeeping. I have reached out to few but most of them are very expensive
Chad Duval
For a cashout refi - Are all LLC expenses incleded in P&L?
Hi all! I have a question about a P&L and a trailing 12 for an apartment building. I currently have a personal loan that I used for a down payment on an apartment building. The apartment building is in an LLC and ...
Sean Elliott
limit to number of houses that can be sold
I am normally a buy a hold investor,but recently I have started expanding my skills into house flipping. My plan was to flip and sell 4 homes in 2017 spring/summer season. But I heard that since I am not licensed real...
Terry Owens
Need Help Evaluating Commercial Deal
In my search for a multi-family investment, I came across a commercial property (office space) that I want to analyze. Since I've been focused on MF, I haven't been sponging up knowledge about commercial RE, so I nee...
Steve Oswald
1031 Exchange Question
Hello BP,I'm considering selling one of my properties in a 1031 exchange. What I'm looking to possibly do is on the sale keep some money in the property I am selling to retain say 5% ownership likely structured in an...
Account Closed
4 SFH Build Tax Strategy
I am building 4 single family homes and expect a very nice payout. Interested in how investors/cpas would structure this to maximize after tax return.I bought the property for 800k. The seller didn't know what they ha...
Isaiah Williams
Can I buy my house with my LLC and "Rent" it out to me?
Hey there everyone! I really need some advice on this topic and I would sincerely appreciate anyone's opinion on it! Thank you in advance! OK so here's the deal. I bought a 3 bedroom house, but I'm by myself and th...
Brian Schmidt
Capital Gains/Income tax
To the CPA's and tax professionals out there,A scenario popped in my head. Say I sold a currently owned house with 100k in profit and then used that profit to invest in 2 other properties (50k each). Would the 100k I ...