Alessandro Pascucci
🏦 Income taxes question
Good morning everyone,I have a basic taxes question for you today:Assuming my gross rent income is1000$/ month and based on accurate research I can plan a total of 500$/month of expenses (small repair; big repair; cap...
Andy Pembleton
Flipping to rent to own
Hey so I've had an idea for doing a rehab and rent strategy and was looking to see if anyone else has had a similar idea or has done it before.Basically I was already considering the idea of seller financing to flip a...
Harrison D.
Development Lot- Next Steps
The "Problem":In June, I bought a duplex on a large lot in a gentrifying area with the intention severe the lot into 3 parcels and build 2 spec homes, while keeping the original duplex as a rental. I paid $420k.I have...
K S.
Separate loan for home build and ADU?
Basically, I'm building a triplex and two ADUs on the same lot at the same time under the same architect and construction crew but I wanted to get a separate construction loan for the ADUs. The advantage is that I can...
Javier Gaillard
Federal and State Income Tax for Foreigners
As a foreigner what is the tax rate for renting property? Is there a State and Federal income tax? I know some states don't charge income tax on rentals, but you still have to pay the Federal income tax.Can you get a ...
Mack Owens
Thoughts on 8 Units being on a septic system?
Hello BP,Once again, I need advice. I am currently evaluating 8 units, all in one building and as the title explains, the property is on a septic system.I am looking for everyones thoughts and advice on whether or not...
Ashley Cao
Tenant won’t pay last month’s rent. Is eviction process worth it?
Hello BP Nation!
One of the inherited tenants (month to month lease) in my first investment property was given notice to vacate as we are looking to do some rehab work on the property. It is now the last month and ...
Trevor DeSimone
Tax Consulting; HALL CPA, PROVISION, KEYSTONE ETC
Hello BP Fam,Like many here, I'm looking for a CPA to assist with not only my LLCs and out-of-state rental properties but my personal tax returns as well for 2023. I would also appreciate and benefit from tax consulti...
Joseph Garner
Personal Vs Business
Hi guys, I currently have 3 properties which together is 7 doors. Currently I have all of them under my name, is that fine or is it something I should get with a CPA about and get them under an LLC? Mainly for tax and...
Josh Collins
Can I use Self Directed 401K proceeds to invest with a partner?
I am looking to take checkbook control of my past 401K and other retirement funds. I am looking to invest $125K with two other partners who plans on investing another $350k into a $800k property. The property is a s...