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29 January 2025 | 8 replies
The fact that you have a TAX-FREE income is crazy good.
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28 January 2025 | 4 replies
On your tax return you would report the proceeds, subtract costs and proceeds paid to seller, then the remaining profit would be your flat fee.
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11 February 2025 | 3 replies
I would invest in the West, as it has worked for the last 170 years, but not in liberal states that are tax hells.
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12 January 2025 | 12 replies
You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.
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28 January 2025 | 4 replies
Congratulations, you get to share your partners tax burden and pay the depreciation recapture at ordinary income rates.
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12 February 2025 | 40 replies
In general, would you recommend getting a lawyer in the area where the LLC is registered?
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11 February 2025 | 5 replies
even if its interest only, id want to pay down principal here and there. seems like sellers would offer this interest only route so they have 0 capital gains tax, but id rather pay down a bit of principal in 7yrs. i see its not required but it should allow for principal paydown in promissary note3) any general advice to look out for on seller financing?
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12 February 2025 | 9 replies
They don't pay the same taxes a citizen would pay.
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7 February 2025 | 10 replies
Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?
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27 January 2025 | 9 replies
If you do place the property in her name, you've got a Gift Tax (Form 709) to complete.