Neil Copeland
Reducing Income Tax Strategies
Need some help from some seasoned professionals. I had a great discussion with my CPA today about a number of things that I needed to know, and she really tuned me up. I will have a solo 401k soon, and I already hav...
Kevin Phu
CPA worth it for 3 months of REI
Closed and moved into my first property at the end of September. Started renting out rooms shortly after. Would it be worth hiring a CPA to do my RE taxes for the 3 months? I understand, for the most part, how to fill...
Soh Tanaka
Selling/Buying a House Under LLC Using 1031
Hello All,I am considering selling a property that is owned by LLC (IL LLC), and buy another one in another state. The problem is, I don't want that particular LLC to buy a property in another state. But my understand...
Deanne Bourne
Prop 19 FORCING PROPERTY SALES
Prop 19 will be implemented Feb 15 and upon your death will trigger a new evaluation of your properties for property taxes. This could force your family to sell the property to pay taxes. If they don’t move into the p...
John K.
Agent forming an LLC or S corp
I am currently taking an online course to become an agent in New York. One question I have is in regards to an LLC or S corp for tax purposes. I keep getting conflicting information on weather it is a option or not as...
Clint G.
Can you 1031 a flip?
Hey guys, I'm getting ready to close (selling) my first flip in Dec. I'd like to roll the profits into the next one, but I've read that you can't roll flip profits to a 1031 exchange. Is that correct, if so, is there ...
Ambre Hurak
First Auction House - Teacher Needs advice!
Hello All!My first post, but have marveled in the info you all have provided to me so far. I'm a teacher looking to purchase a house at our county sheriff's auction in 2 weeks (summer…). I've been to a couple auction...
Eben Rohling
Adjusting Purchase Price and Interest Rate with Seller Financing
“A property is worth what someone is willing to pay for it”If you can secure seller financing, would it make sense to offer a higher purchase price in exchange for zero percent interest? If you adjust correctly, you c...
Christina Williams
Beginner investor working as a silent partner
Hi BP!I'm new to REI and I'm working with a seasoned investor on a SFR flip so I can learn more. I am putting up about $50k into the flip as a silent partner and he said he's putting up about $30k into the flip. The o...
Igor Messano
Should I exchange or take the hit now?
Hi everyone,
I have a complex decision I am trying to wrap my head around. I am selling two SFH set to settle in Jan and am trying to decide if 1031 exchange is the best option. My main goal is to have funds for a de...