Chingju Hu
Open LLC in my state or where the property is?
Hi bp:
So far I have two rental properties, I'm getting more this year and next year so i am seriously considering opening an LLC for better protections.
I live in CA, rental property is in TX, MO, and considering bu...
Christian Nachtrieb
Complicated 1031 Due to Property Being Held in LLC
Hello, I'm hoping someone here can point me to a seasoned & experienced tax professional who could help advise me on the best course forward with my 1031 Exchange I'm in the middle of. Details of my situation belo...
Michael Lynch
Capital Investments vs Repairs
I'm new to BP in terms of posting, but not in terms of reading/podcasting. I currently am an owner of two duplexes in Buffalo; one I live in and rent out half (owned 2.5 years) and the other I formed a partnership (LL...
Rich Hupper
CPA vs Tax Strategist
I am trying to figure out this difference between these two pros. I saw a Youtube video about this topic. I am also concerned my CPA may not have enough knowledge how to save me the most in taxes, and or educate me on...
Tyler C.
Seller Financing Opportunity within the Family
I have a great opportunity to buy a condo with a couple family members from our grandparents for $50,000 with no interest (they want to keep in the family but need some monthly income). However we are looking to do se...
Lauren Gomez
Not doing a 1031 Exchange
Has anyone NOT done a 1031 exchange on the sale of a property and opted to pay taxes instead? Why did you opt to do this?
Kase Knochenhauer
Permitted Use for EIDL Loan -- can I pay off hard money?
We've been approved for an EIDL Loan for our rental portfolio and flipping company.After the funds cleared I've been trying to determine how these funds can be used. Here are a two real situations that I'm having trou...
Cass R. Smith
Making an offer on a pre-forclosure tomorrow. Any tips?
I'm going to look at/make an offer on a pre-foreclosure tomorrow. Any tips on offer strategy or dealing with these types of sellers? Not sure if she'll be angry, sad, or really motivated.
Chris Gilbert
Taxes: Assigning general rental expenses to individual houses
How do you assign general expenses incurred in your rental business to individual houses for tax purposes? By general expenses, I'm referring to equipment purchases and mileage when we drive by all properties periodi...
Minka Sha
Sacramento county change of ownership addenda
has anyone received change of ownership addenda for their recent closing in Sacramento area? The form asks questions about expenses and rents on the property. Here is the link to form:http://www.assessor.saccounty.net...