Luna B.
Postponing rent collection to lower taxes
I need to lower my rental income for this year due to some other income coming in.I know I can prepay certain expenses at the end of the year since I do cash based accounting. Now I am wondering if would work to have ...
James Carlson
Airbnb hosts to get relief in coronavirus stimulus bill
Looks like Airbnb hosts will get some relief under the coronavirus stimulus package about to pass Congress.
The current language includes two provisions that could help short-term rental owners that are struggling:
...
Clayton Coombs
How to avoid taxes with primary income from flipping properties?
Hey guys, I've been a full time real estate agent for several years now and up until this year that has always been my primary income. However this year I focused more time flipping properties than selling real estate...
Abel Curiel
START-UP vs. ESTABLISHED FRANCHISE brokerage.. WHO SHOULD I JOIN?
Good Evening fellow BP members,Tonight I call on you to help me choose the best brokerage to sponsor me as I begin a career in Real Estate sales. Without getting into the whole spiel, about a year ago my business part...
Meng Long
Should I use VA to house hack in San Diego?
Hello BP,I’ve been a long time reader but have been hesitant to post. I am in the navy and have recently moved to San Diego. After working with Navy federal credit union, I was able to get approved for ~600k(1-2 unit ...
Jim Froehlich
LLC Transfers Mortgages and Multi State Planning
Fellow BP Members,This post is looking for inputs (or links to other threads I may be missing) regarding three inter-related issues (I do have an Attorney, Mortgage Broker, and Accountant...but sometimes I gain more c...
Stephanie Banno
S-Corp and LLC? Tax Attorneys in Austin, TX area
Hello All!I was recently advised that the best way to setup a new investor business is create two separate companies. Both a S-Corp and LLC. I was advised that an LLC should ONLY hold property (up to $1M) while the S-...
Kirby Allen
Buying my grandmothers house...questions
My grandmother moved into a retirement home type facility a little over a year ago and her house has been sitting empty since while she still pays the mortgage on it. Recently it has been brought to my attention that ...
Lakisha M
Working with Potential sellers - LO/Rent to Own
I've been contacting NJ housing for rent and FSBO ads on Craigslist. I'm finding many sellers don't know, are unaware, or confused by what a rent to own, lease with the option to buy is.
Any suggestions on a simple...
Account Closed
tax help- muy importante for success....
I suppose I could ask my cpa but Ill see what you guys think on this first so he doesnt bill me for consultation fees...situation: my partner and I wish to finance a property. due to the deplorable lending market, its...