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Hello BP Community, I'm a relatively new agent in Phoenix, AZ ~8m in. My goal is to really get going on some deals this year and my broker highly recommended I open up a PLLC for myself. So I filed with the state abou...
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I am Hyped and ready to start making moves. I have been absorbing as many of the BP podcasts as I can and reading all the books I can on this. I need to build my Core 4 (well actually I think a core 6) I need. I have ...
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First off, I realize nobody here is going to give CPA services for free. I am attempting get an idea of my taxes and found I am positive on my rental properties. So I am wondering how real estate produces a negative...
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Hi BP!
Quick question. What are your thoughts on Hard Money in NJ? I've seen areas where the taxes are about $12k a year. Thats almost a whole nother mortgage!
On top of fees, and points, and interest, how can Hard ...
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Hello all, I’m a new real estate investor in Southern California looking for a lawyer with specific experience working with clients who own real estate in Texas. I turn to you, the tried and trusted BP community! Plea...
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Not all CPAs are created equal, and I'm firing mine because he's good for simple tax/accounting matters, but he's not a tax strategist. For instance, he didn't maximize my depreciations. Most of the CPAs I'm coming ac...
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So what if the lien holder decides that they don't want the property and never apply for the deed? Does the original property owner retain ownership? Can they sell the property?
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Hello,BLUF: I would like your opinion of what to do with $30-50k of profit from a flip.Long story Short, bought a home in Dec '21 for $125k(my cash), put $75k(my cash) into reno and am looking to sell between $250-260...
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I have a very specific unique situation on hand. I'm doing a 1031 exchange from one property of mine to a new rental. I have somebody who would like to partner with me on the new rental property. To avoid taxes my pla...
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Hello Everyone, You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney. Just make sure they specialize in tax and have significant experience dealing with real est...