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25 April 2024 | 2 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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26 April 2024 | 47 replies
They also provide tax services which I do not use, too expensive, and help you establish lines of credit for your business.
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26 April 2024 | 4 replies
Doing all 3 scenarios here would cost about 1M$ to 1.2M.The numbers are:- Purchase price: 1.5M$- Current mortgage: 65% LTV, 2.55% 30y fixed- Property taxes: estimate 25k$/y- Current rental income from two 1bed/1bath units: 2200$/m each- Previous rental income from the 2bed/1bath house: 3600$/m- Property mgmt: 12%- Quote for garage ADU conversion: 500k- Quote for remodel: 400k- Quote for JADU: 300k- Estimated rental income from ADU conversion: 3500-4000$/m.- Estimated rental income from remodeled house: 5000-5500$/m.- Estimated rental income from JADU: 2500$/m.Concerns we have:- There's no comp in the area that sells for more than 2.5M for a setup like this.
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24 April 2024 | 16 replies
Anything y’all do that makes tax season easier?
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25 April 2024 | 4 replies
Consulting a real estate attorney is highly recommended, especially for complex transactions or if the standard forms need modifications.
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25 April 2024 | 82 replies
I just had my initial consultation with Zach earlier today.
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25 April 2024 | 2 replies
I'm a little confused about deducting real estate taxes.
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26 April 2024 | 4 replies
I'm also hesitant to bet heavily on permanent tax deferral strategies (e.g., "buy, borrow, die") as a lot could change about the tax code over my lifetime.
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24 April 2024 | 14 replies
I haven't lived in the house since August 2021, my husband hasn't lived in the house since January 2021.We need a consultation on how much money we can get and how much taxes we will pay if we sell the house around August 2024.
29 April 2024 | 248 replies
Death and tax's, those are your 2 "guarantees" in life, everything else has a risk factor, a component of "chaos" in it.