All Forum Posts by: Fulton Abraham Sanchez

Angel, hi. Great question—this is such an important step. Choosing the right structure (like LLC, S-Corp, etc.) really depends on your specific goals, how you plan to operate, and your income expectations. Both legal protection and tax efficiency can vary a lot based on that. It's smart to consult with a CPA who understands both entity structures and tax strategy. A quick conversation can go a long way in setting things up right from the start.

Hi Jim! Since your LLC was dissolved in 2025, you'd generally be required to file the final 1120-S and K-1 for tax year 2025, even if there was no activity. You can check the box for "final return" on that filing. No need to file for 2024 if there was no election or activity that year.

As for whether anything else is required, that can depend on a few details—like whether the S election was accepted, if any assets were held, or if there were state-level obligations. It might be worth going over everything with someone who handles cases like this regularly to avoid future complications.

If you’d like to talk it through in more detail, this is the best place to do it. Feel free to reach out a RE experienced CPA.

Hi Tim, you've come to the right place. There are over 20 active CPAs here in Biggerpockets assisting RE investors with their tax planning. Make sure to reach out to one with real estate experience. Please contact them as we are not allow to self promote.

Hi Karan, great idea to seek mentorship early on! As you begin your journey investing in Dallas, keep in mind the importance of tax planning—especially since Texas and Georgia have differences in property and income tax implications. While you focus on learning the investor side, if you ever need specialized advice on the financial or tax side of real estate investing, you can reach out to one with real estate experience, as location is not an issue these days.

Hi Nick, you've come to the right place. There are over 20 active CPAs here in Biggerpockets assisting RE investors with their tax planning. Make sure to reach out to one with real estate experience. Please contact them as we are not allow to self promote.

John, hi. Yes, funds must enter LLC first. Profits are tracked and reported via year-end profit and loss statements.
You've come to the perfect place. We are over 20 experienced CPAs active in these forums, many of whom specialize in assisting real estate investors like yourself. It is important to reach out to one with real estate experience as location is not an issue these days.

Kurt, hi. You've come to the right place, there are over 20 enlisted CPAs here in Biggerpockets working with real estate investors across different states. Feel free to reach out to one!

Hi Barret, Great strategy partnering with your brother in Chattanooga! It's better for your business, form an LLC for clear partnership structure and tax advantages.
Plan taxes carefully for out-of-state investing (TN vs. TX), use 1031 exchanges to reinvest profits and defer taxes effectively.

Consider professional CPA guidance to optimize your strategy and stay compliant, this is the best place you can reach one.

Hi Kaushik, you've come to the right place to look for advise in Cost Seg Study. There are over 20 active CPAs here in Biggerpockets assisting RE investors with their tax planning. Make sure to reach out to one with real estate experience, as we are not allow to self promote.

Hi Daniel, owning a rental and managing new LLCs—even with minimal revenue—can introduce complexities and opportunities for deductions or strategic planning. Many investors find consulting a CPA early saves headaches and optimizes future growth. You might find that even a brief consultation or tax review with a CPA experienced in real estate and small business could offersignificant peace of mind.