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24 March 2024 | 1 reply
I'm going to have to crunch a lot of numbers for the loan, property tax, maintenance (which should hopefully be low on new builds), and I have to figure out how to obtain an insurance policy for the units.
24 March 2024 | 11 replies
Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.
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22 March 2024 | 19 replies
Not sure what new tax laws bring to the table.
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24 March 2024 | 3 replies
The house is a 3b/2ba 1,895 sq ft home but an additional sunroom built in which brings sq ft up to 2,055 (based off tax records my agent found).
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25 March 2024 | 12 replies
We were even able to save the borrower from paying the hefty NYS and NYC recording tax by arranging for a CEMA with the existing note.
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23 March 2024 | 20 replies
Washington state’s capital gains tax, passed in 2021, imposes a 7% tax on any gains of more than $250,000 from the sale of stocks and bonds, with some exceptions.
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25 March 2024 | 25 replies
They didn’t go as strict as they threatened, at least not yet…https://www.atlantaga.gov/government/departments/city-planni...2 properties maximum and the first one must be your primary home… so be prepared to move there and pay state income taxes https://www.atlantaga.gov/home/showpublisheddocument/54610/6...you and your landlord will have to get this form notarized.Please just make sure you have a plan to keep making rent payments after your short term rental plans are banned.
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23 March 2024 | 31 replies
I don't know the cost of things in your area but you would get the proceeds of the sale tax free from federal income tax from the primary residence exclusion.
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23 March 2024 | 9 replies
Having one asset per LLC will drive you and your accountant insane and when you realize they charge like $1000 min for LLC returns and you have 5 LLCs that the $5k tax will eats up 1/2 your cash flow you will be like oh boy…
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22 March 2024 | 8 replies
Your refi options depend a lot on how you filed your taxes the last three years.