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13 July 2024 | 5 replies
Create 2 LLCs- First create an LLC in an Anonymous LLC State like Wyoming - Then create an LLC in the state I'm buying in, like Ohio- The Wyoming LLC would own the Ohio LLC - When purchasing properties, title deed would show the Ohio LLC name instead of meNegatives:California makes all tax residents register their LLCs with the State, even those formed in different states (and requires you submit the names of the owners) so this would defeat the purpose trying to stay off of public record.
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12 July 2024 | 8 replies
We’re trying to figure out options and taxes/penalties/etc.
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11 July 2024 | 11 replies
@Terra PadgettPaid annually… You have a lot better options I feel than 10% loan taxed at ordinary income and only paid once a year.
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15 July 2024 | 24 replies
My problem is the tax info not being updated and them just depositing into any account or not all for months.
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14 July 2024 | 26 replies
Nothing bad or personal, but my lord my friend...even my sister spent countless WEEKS for FREE trying and trying to prod you forward.
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12 July 2024 | 7 replies
I have an interesting property tax situation because of my house hacking situation.
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12 July 2024 | 18 replies
Also how you get a business loan is another issue/discussion.For the expenses:You have 2 values for business loan and I took the higher one @ $479Expenses @ 32% (this does NOT include insurance and taxes)Your monthly expenses without taxes and insurance = 1981+479 + 1600 (32% of 5k) = $4060Add in another few hundred for the taxes and insurance (lets say $500) and you are left with $440
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11 July 2024 | 8 replies
As a property owner one of the few rights I enjoy is to do with the property that I pay for, maintain, and pay property taxes on is to choose to whom I rent the property.
12 July 2024 | 1 reply
Leveraging in real estate: I own a 250k airbnb free and clear.
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12 July 2024 | 23 replies
triple net (nnn) lease is a typically commercial lease where tenant is responsible for all maintenance/cap ex and usually tax and insurance.