
17 December 2024 | 3 replies
Compile the list and then run the tax records on them all.

18 December 2024 | 25 replies
Did the book provide enough information to get started such as contracts, tax liability information?

16 December 2024 | 19 replies
Basically all rentals, even ones owned under LLC, come up during loan DD as long as you file them under one tax return as personal, that was what happened to me earlier.

16 December 2024 | 6 replies
@Richard Benjamin Wilhite, @Bill B.makes some good points about loan terms and the strict identification rules for a 1031 exchange.I would add from a tax mitigation perspective that buying the largest property possible will give you the greatest amount of cost segregation possibility and at the lowest cost since it would be one study rather than several.

19 December 2024 | 3 replies
If you lived in the property you can sell it to capture the equity without paying taxes on those gains.

15 December 2024 | 8 replies
Lien, State Tax Lien, Fed Tax Lien.

18 December 2024 | 24 replies
We don't have the Midwest weather, high property tax, old homes, high insurance, high maintenance, or state income tax.

19 December 2024 | 6 replies
For the LLC, talk to an attorney and your tax person.

17 December 2024 | 7 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.

17 December 2024 | 1 reply
Details on the duplex:Price: $385kBuilt: 2012Size: 2674 sq ft (1333 each side). 2 story, 3B/2.5B each side w/ 1 car garage & driveway for both, fenced backyard both sides.Interest: 5.49%PITI: $2,698Current Rent: $1,350 but could be brought up to ~$1,600, maybe $1,700Yearly Property Tax: $8,340 (I don't pay any on my side while I live there so $4,170)Upgrades: Vinyl floor in kitchen of both units, new AC (central HVAC) on vacant unit, roof done 2016.