Simond Wong
Tax Impact: Transfer Parent's homes to Me, Please :)
BP Fam,
Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off. I am based in Pennsylvania.
I assume They should be able to gift all...
Alex Shaughnessy
flipping w/ a partner
It is my understanding flipping houses is taxed at ordinary income. If the house is held for one year then it is taxed lower. Is this true, and if so, would it make sense for my partner and I to flip the property, ren...
Ryan Sun
Should I sell my old primary home?
In 2020, I bought my previous primary home with a 20% down payment and a 2.5% 10-year ARM mortgage. Since then, the housing prices have risen about 50%, reducing my leverage from 5x to around 2x. I'm considering purch...
Christina Torres
Capital Gains tax-Potential for using a trust?
I'm in the process of acquiring a rental property from my family- they have worked hard to build their business and are in the process of retirement and I want to purchase one of their properties. I've heard that you ...
Jeff L.
Real estate investor-friendly CPA in Southern California?
I acquired a couple of rentals this year and have a 9-5 job. Pretty simple. I'd like to have a CPA in socal/orange county that is familiar with real estate investing (and all the tax deductions and benefits that come ...
Anthony Markey
Saving For Down Payment on First Home Roth IRA vs Taxable Account
Hello everyone,I am in the process of saving for a down payment on my first investment property and am looking for some advice. Some background on my personal finances I contribute the maximum amount that my employer ...
Monroe Jr
Lease Options
I have two interesting questions ...
1.) In a lease option deal how do you protect the buyer to make sure the payments are made by the seller , if the sellers payments are escrowed out of the sellers account every m...
Vishal Amin
What is the best practice to collect rent?
Hi,
I am an out of out of state investor. I purchased a duplex that is already fully occupied, I was wondering what is the best practice when it comes to collecting rent (section 8 tenants).
Is it best to do it com...
Ling S.
Auto rent payment?
I only hav two rentals now. One tenant has been sending me the rent checks to my mail box on time via his bank's auto payment (the bank will issues a check monthly). I would like the check deposit to my account direc...
Shane H.
Accounting Software Guru - Anyone use Buildium accounting feature
I've been a customer of Buildium since 2010 and am hoping I'm finally entered a growth curve this year as far as property acquisitions go. I'll have 6 here in a couple weeks and hoping to add quite a few more.Questio...