
7 May 2024 | 5 replies
How would I determine if a county/state was landlord or tenant-friendly?

7 May 2024 | 1 reply
., for a new state-of-the art production facility that will be built there.Governor Kay Ivey announced Monday that Blue Origin plans to manufacture its BE-4 engine--which will power United Launch Alliance's Vulcan rocket as well as Blue Origin's New Glenn reusable launch system--in a new facility in Cummings Research Park, which is located primarily in Huntsville a.k.a.

8 May 2024 | 14 replies
Sec. 1.167(a)-(11)(e)(1)(i) provides that property is considered to be placed in service when it is “first placed in a condition or state of readiness and availability for a specifically assigned function” (emphasis added).

7 May 2024 | 7 replies
This may be state-by-state, but it would be a good idea to have both you sign.

7 May 2024 | 5 replies
For property owners with out-of-state investments, is it necessary to keep all receipts and invoices for write-offs during tax season, even smaller jobs performed by the PM's handyman?

7 May 2024 | 4 replies
A Lawyer in Michigan would be the place to get the best advice as these practices can vary by state.

8 May 2024 | 14 replies
The tenant apartently stated that he had no issues at the appartment mounting 3 TVs.

7 May 2024 | 8 replies
Additionally, there's a fixed self-employment tax.Income Tax: 22% * $70K = $15.4KSelf-Employment Tax: 15.3% * $20K = $3.06KTotal Tax Due: $18.46KRemember to account for any state taxes as well.To defer taxes entirely, you could utilize a 1031 exchange, which allows you to reinvest the proceeds from the sale into a similar investment property, thus deferring the tax payment until a later date.Example #2: Long-Term Capital GainsNow, consider a scenario where you hold onto the property for over a year.Project Details:Property Cost: $70KRenovation Costs: $50KResale Price: $200KProfit: $80K ($200K – $50K – $70K)Since self-employment tax doesn't apply, you only need to calculate the long-term capital gains tax.

7 May 2024 | 3 replies
If so, can we do it in NY state?

4 May 2024 | 23 replies
Hi,I saw some gurus offer classes to invest in out of state section 8 rentals.