I have two companies, one for real estate investment which is a LLC and one for home construction which is S Corp, just call them A and B. B takes remodeling project for A, how to handle them wisely to save taxes? e.g...
I have a friend that is currently finished with a fixer upper with a partner of his. It’s their first deal together and currently aren’t looking to do another together right away. Both agree that it is best for them t...
Hi everyone,I am getting into wholesaling and lease options. Note buying after a downturn. Including my day job (135k/yr) that means a whole lot of taxes to pay.Does anyone have advise on how to reduce taxes for someo...
We recently purchased a property that we rehabbed and are curious how long we have to hold it before selling it using a 1031 exchange to a more expensive property.
I have a good problem on my hands. I am about to close on my rehab that took about 6 months from buy closing to sell closing. I also expect to do very well and receive a big, one-time windfall of cash.
I am...
I have a business that is run as llc. I have a rental that has negative income. If I put my rental into my business llc can I lower my taxes by offsetting my business income with my rental loss. Also I heard that with...
Hello BP,
I am in the process of closing on a commercial refi loan on a property. When i had bought the property cash, i had formed an LLC but ended up not using it as i didn't want to roll the property into an LLC a...
I am new to your site, but certainly not new to real estate. I have a quick question about a 1031 exchange...
When I buy the new property from the sale of another, can I then refinance the new property?
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I am 50% owner of an LLC. We have purchased a pair of single family homes and spent money renovating them but have yet to generate any income (or profit). Thoughts on how to best handle taxes? Want to carry forward...
I and my wife are w2 employed and am in a high tax bracket. after 13 years of paying high taxes and living in the cave, I am now aware of this real estate investment/cost segregation/bonus depreciation, etc. so i have...