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31 January 2025 | 6 replies
In non-community property states a husband/wife LLC is supposed to be treated as a partnership And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer.
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13 February 2025 | 4 replies
Hey Hazel feel free to PM me, I have a strong referral network and would be happy to connect you.
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13 February 2025 | 3 replies
As a Pro Member you have free access to RentRedi as a property management software, which gives you the ability to screen your tenants.
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28 January 2025 | 6 replies
If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.
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18 February 2025 | 4 replies
Their taxes and insurance may have doubled and they can't afford the house any more.I think geographic is tough because there just isn't typically the turnover any more in most areas.
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6 February 2025 | 5 replies
There are some programs through local government systems where you may be able to receive a tax abatement or grant here in Michigan in an effort to help beautify a neighborhood.
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10 February 2025 | 4 replies
If you ever want to chat or brainstorm strategies, feel free to connect!
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5 February 2025 | 5 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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7 February 2025 | 5 replies
I would be beneficial to determine if they are other aspects of the property that make it a worthwhile investment (tax, appreciation etc).