Account Closed
Best way to create an LLC?
Hi everyone,
I have a question and was hoping I could possibly start a discussion on the topic.
After searching through some older posts and blogs, I still feel a little unsure as to what you guys think is best as f...
Greg Rose
Pennsylvania Investment property: Trying to cover our bases
Write your postHello BP community!I am about to embark on my new property journey.We live in California and the property we are interested in is in Pennsylvania.House is $50kTwo residential units with each bringing in...
James Boreno
URGENT: 1031 Exchange Questions
Hello,
Currently in a 1031 Exchange and have a few questions.
We sold this property last week and we are currently in a 1031-exchange. We are trying to figure out how we can hold title to the new property. Our 103...
Michael Plaks
EXPLAINED: IRS audit "insurance" - no more fear of an audit?
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
Joyce C.
Inherited property to rental?
I have the opportunity to buy my siblings out of 2 inherited properties, one of which is my home growing up and the other has been a rental for over 50 years. Both are in a great location. How do I go about obtaining ...
Gerardo Gallardo
The question that has never being asked
Of course I’m being sarcastic here. I have a question about entities. Before I ask my question, I have to say that I have spent a few days looking through the forum and even though I found really good information I ha...
Craig Curelop
Where to Invest First?
BiggerPockets Members,I am a new investor seeking a location (or "farm area") to purchase my first multi-family property (2-4 units). My plan is to move to the location and finance with an FHA loan. My goal is to live...
Timothy VanWingerden
Operating expense or capital improvement?
I am working with an accountant as I prepare returns for the first year of owning real estate. I read Brandon Hall’s article from a while back talking about the tax myth’s for real estate investing. One was the follow...
Gustavo R.
Avoid double taxation while flipping in Baltimore but residing in Canada
Hello guys! Glad to be part of this community.
I live in Toronto, Canada but I'm starting my first flip now at the end of September in Baltimore/MD, closing is September 20th. The reason why I decided on Baltimore is...
Michael Hardler
HH Taxes: 1040 E or 1040 C?
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...