Andrew Faukner
Crowdfunding and taxes
Let me know if have this right. If I use a crowdfunding company like Reality Shares, or Groundfloor, and I receive interest in 6 months, it is considered ordinary income for taxes. Or, if I receive the interest after ...
Jerry Kisasonak
Questions about mailing Free and Clear properties...
Is anyone mailing free and clear properties and if so, what are your results with it? I've mailed absentee owners with some success and would like to start mailing free and clears too.
What is your list criteria and...
Alexander Timberlake
Filing for Homestead of 1st property - Houston, TX
Hello,I recently bought my primary residence located in Houston, TX (Harris county) in February, 2016. I would like to claim this property as my homestead. I have learned that there are two main advantages:1. I can wr...
Johnny McKeon
(HELP šµāš«)Arizona transaction privilege tax license
Hey BP, I need help with the Arizona transaction privilege tax license. do you guys know or do you know someone that would know how to help with this?I have a question about the Arizona transaction privilege taxDo you...
Lisa Misuraca
Help my CPA didnāt expense my remodel costs.
At closing I got my check which is my profit and remodeling costs.My accountant refused to deduct these expenses on my Capital Gains form.He included the total cash received at closing.What can I do? So basically heās...
Patrick Irish
$5k For Cap Gains/Tax/Opinion Quote - that reasonable?
Iāve been quoted $5k to have a cpa tax attorney (firm) crunch wife and my numbers to determine possible cap gains on sale of rental. Theyāll determine best route in how to essentially to pay the least amount in capita...
Edita D.
Windstorms and hails in TEXAS
We have a rental in Keller, TX and Lubbock, TX.I received reports of hail storms and windstorms from both property management companies, a month apart.Our insurance policy for these properties keeps going up! We filed...
CJ Letzelter
Denver/ loan paydown vs. income
Given the time of year, I am unable to seek advise from a local Denver CPA combined with living in Singapore have left me with an important question. Ā Can profits from rent be used to paydown the loan on the same hous...
Anja Brey
Note investing vs Turnkeys?
Hi BP,Ā What are the advantages/disadvantages of buying a note versus buying a turnkey (or vice versa) in terms of cash on cash return, depreciation, deductions etc.? How much depreciation do I get from 1 property/year...
Ben Skove
S-Corporation Compensation vs. Flow-Through Income
After meeting with my CPA today, and going through a number of back posts from the BP forums, I'm interested in hearing more about how the IRS oversees the balance between S-Corporation compensation versus flow-throug...