Roberto Vasquez
1031 Exchange Form; When and how to apply it?
When and how do you report a 1031 Exchange to the IRS? I am buying a property and I will flip it after is fixed. Any suggestions? Thanks.
Bethany Peysen
Storing Bank/Debit Info Multiple Accounts Safely
Looking for advice based on personal experience for this situation:
I have a series llc. For each of my properties I have a separate bank account, checks, and a debit card. I started out keeping all of this informati...
Christopher Lee
Out-of-State company as property owner for asset protection??
Hello Friends here,
I run a real estate business in California. A while ago I saw a post here teaching landlords how to avoid liability by setting up a company/ the property owner in another state, so the tenant cann...
Fedor Volkov
Reassessment notices are coming in....
Hello Chicago, Newbie question here on tax reassessments. 1. Just got my reassessment notice and the value went 50% up. This doesn't mean that my property tax will go up by 50% correct? Is there a way to estimate the ...
Logan Pourbaix
Evicting A Tenant With No Lease
Goodevening BP! I’m looking at a deal I got off of direct mail. The property would be a flip but is in terrible shape and apparently has a tenant. When asking the owner about the tenant her story is that he moved in u...
Christina Marie Carnuccio
401(k) Withdrawal for first property/ Tax Withholding
I planned to use my 401(k) to invest in my first rental property with my husband. I no longer work and I thought it would not have any penalties since I was not employed. Turned out not to be the case because after go...
Paul Sandhu
Has an STR tenant of yours had a vehicle stolen?
One of my renters bought a truck from his brother about 2 weeks ago. An F250 with a diesel engine. Great for towing. It was sitting in his driveway in Houston, while he was in one of my houses in Kansas. The broth...
Geoffrey Giannone
Accountant Recommendations in Dallas, TX
Hi everyone!I am finishing up the renovations on my first rental property I purchased with a partner of mine. We are now hoping to get in touch with a local accountant who we can trust to ensure we do everything we ca...
Adrian Rish
Asset Protection for California Resident w/ Non-CA Property
Hello BP Real Estate Attorneys, Tax Professionals, Attorneys,
What is the best "tax-optimized" asset protection strategy for a California resident who owns several rental properties in Ohio, Florida and Georgia (and ...
Hunter Burrell
Advice for selling SFH for max profit/1031 exchange eligibility
Hello! my Aunt is looking to sell her 4br/2ba SFH in Commack on Long Island. They are inexperienced and I believe are working with an agent who isn’t investor savvy. Wanted to try and give her advice on getting the mo...