Allan Pilapil
FHA loan to 1031 exchange ?
Good afternoon bigger pockets!I currently have a SFR with an FHA loan. What are the steps I need to make to turn make it eligible for a 1031 exchange? Do I have to refinance? Get more equity? Solid credit score?I trie...
Tamarra M Richardson
Virtual address for my LLC?
I currently have my LLC listed under my home address, but I've heard that banks do not take your business seriously if dont have an actual business address. I am trying to set my business up to qualify for business fu...
Cristian Portillo
Advice Needed! CPA or keep investing in real estate?
Hello everyone. I am Cristian from Columbus, GA. I currently have one year left to obtain my Bachelor's degree in accounting. I have 2 rentals at the moment. I've been debating on whether I should go for my masters af...
Lewa O.
S Corp Loss Reporting impacting Personal Mortage Qualification
Hi,
Looking to get some insights from the experts.
As a REI, we do our real estate transactions under an LLC (S Corp) that focuses mostly on new constructions funded via private lending.
Now an average time for us...
Matt W.
Critique my build-to-rent long term plans.
Hi BP,
As background, I've dabbled in lots of strategies in the past 4 years of real estate investing; currently own 3 long term rentals, 1031'd into multiple and bigger properties a few times, done several flips, p...
Chris Springer
Reinvesting Wholesale Profit into a QOZ
I am having difficulty finding an answer to this question... If I wholesale a property (true wholesale where I never gain possession, but do get the assignment fee), does the income count as a capital gain that I coul...
Jean Paul Rousseau
CPA cost
I have two separate US corp. One Georgia corp. and one Florida corp. Each one has just two single family houses. My CPA filed for the IRS and state taxes and made the yearly accounting. He asked me 1200 $ for one comp...
Seth James
Finding and keeping a good CPA/tax preparer
Wasn't sure where to post, sorry.... Need advice on dealing with my current/former tax preparer, and what to do in the future.
1. thought I had a great tax acct who got a great refund last year. This year she gho...
Rickey Wallace
The closing costs........
How much can closing costs differ when doing a mortgage deal compared to an all cash deal? Could it be $100s difference or $1000s? What are the the type of expenses that would be knocked off the HUD-1 form?
Rick Bradd
IRS Lifestyle Audits
Just had an interesting conversation with my CPA, he says he has never had as many audits ordered this month, and he has been doing taxes for over 20 years. Basically, the IRS is interested in how filers with low earn...