Tim Uittenbroek
Looking for CPA to give advise on setup for NRA
Hi all,I'm a non-resident investor and will shortly be buying my first properties in the US (NC in particular). I'm looking for someone that can advise me on the best setup from a tax and legal standpoint.The plan is ...
Dustin Awtrey
Taxes on rental income
As a regular w2 employee, a general rule of thumb is you will be paying 1/3 of your income into taxes. If you are full time landlord and live only off rental income profits what is a general rule of thumb on taxes y...
Kyle Meyers
LLC Taxes
How would my taxes differ if I start an LLC and transfer ownership of my properties to the LLC. Would I have to pay self employment tax on rental income that I get through an LLC? Will I be required to send 1099s to c...
Greg Scharlemann
Tax Lien Certificates and Future Taxes
I've recently been researching tax lien certificates in Florida and have a few questions regarding the post-purchase timeframe. What happens with the future taxes owed on the parcel for which I own a TLC? Do I need ...
Sarah G.
Selling your own flips and taxes
Hey everyone,
I recently became a real estate agent and am selling my own flip. My question is for taxes is it better to not take commission and take the profit as capital gain or take commission and it be a taxed li...
Daniel Fierros
Property tax delinquent Property
Hello BP (Sry about the sideways profile pic, I've honestly tried to fix that to no avail) I have an elderly couple who is motivated to sell their home because they are behind $23k on their property taxes in the Great...
Pablo Garcia
Do I have to worry about the taxes?
So tomorrow I might go to see a house, I haven't bought a house yet I'm just starting out. It's a 3bed 2bath, 2096 sqft, single family hi ranch for $169,500 on long Island. Anyway my question is, if my goal is to flip...
Tim Wilkinson
property tax owed at purchase pro rating?
Good morning,I put a home under contract with the following terms:Cash no contingencies except personal inspectionBuyer pays all closing costs, including tax stampWhen I went to the tax collector, I found out that the...
Denise Evans
Warning About Improperly Written Alabama Deeds
Thanks to my friend, Alabama tax sales attorney Greg Stanley, who alerted me to this issue. He and his colleagues are seeing a number of improperly written deeds prepared by non-lawyers, that are causing major headach...
Bob Willis
LLC whose only member is my SDIRA buying a property Subject-to - triggering UBIT
Hey All,I have reached to my accountant about this but thought I would ask here to see if anyone has done something similar.An LLC of which I am the manager, and my SDIRA is the only member, is in the process of acqu...