which type entity for flipping house, next two years hold rental property should we form? my husband has a property maintenance (DVA), should we open another one for the flipping house? LLC?S? C?which one will be easy...

Hello all, looking for some advice or recommendation.  Also my first BP post so here we go.
July 2020 I bought a townhouse in Fredericksburg, VA for $315k.  20% down payment, 2.75% fixed over 30 years.  Do the math a...

Hello! I have a scenario, I wonder if someone with tax skills can help me figure out. Here's the hypothetical:An LLC with 2 members owns $2 million in fully-paid residential real estate assets. No mortgages. The LLC w...

Hello everyone!I was shocked to learn that the tax implications of flipping property in New Jersey could make it cost prohibitive (eat of most or all of the profit). Are there any New Jersey season investors that coul...

When first starting out do you need a firm understanding of basic accounting or is general high school math acceptable to run your business.

Hello
Looking for a NJ Accountant that specializing in Real Estate for the clients best tax strategy
Thanks 

Hi All,I live in San Mateo county and I wanted to reach out and ask suggestions on any local CPAs/tax preparers that have real estate investment knowledge. Thanks everyone!-Darius

Hello BP community,Anyone know of a good real estate CPA based in pa or familiar with PA tax code?

I have a question regarding security deposits in New York State. Does each tenant require a separate interest bearing bank account or can multiple tenants' security be deposited into one account and whose tax id# shou...

My wife and I are taking over the property management our rental properties from the existing property manager. Our question is about setting up bank accounts. We live in WA state and our personal banker said that if ...