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20 May 2024 | 28 replies
I have a piece of real estate owned by an s-corp (of which I am the sole shareholder).It has appreciated substantially in the decades that I've owned it.I would like to transfer it to an LLC (of which I would be the sole member).But, I want to make sure I don't trigger the recognition of a capital gain.How can I do that?
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20 May 2024 | 13 replies
OR, should I just stick to researching and educating myself and waiting until I can move in to a house of my own next year?
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20 May 2024 | 3 replies
The one I used had all of these, I'm just the type that will build and install my own cabinets (I enjoy it) and the $1500 savings of doing so is too tempting...
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22 May 2024 | 13 replies
Owning a house with a view in NY already cost ten percent of my current income in taxes.
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21 May 2024 | 33 replies
Every County and City has it's own list of requirements and fees, many do not charge to be registered with them.
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20 May 2024 | 20 replies
Quote from @Somesh Mukherjee: Quote from @Matthew Irish-Jones: Quote from @Somesh Mukherjee: Hello all, I am from Toronto, Ontario and own a few properties locally.
20 May 2024 | 11 replies
The refi loan type is based in part on how you hold the property (in your own name, an LLC, etc) but in general you can expect to refinance out about 75% of the ARV (After Repair Value).
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20 May 2024 | 12 replies
Our lovely East Coast boasts some ideal areas that have shown consistent property price value increases over time, making them attractive for long-term holds, particularly in the rental property market.Consider these cities and zip codes in Southeast Florida:Miami-Dade County:Miami Beach (33139, 33140)Coral Gables (33134, 33146)Brickell (33131)Broward County:Fort Lauderdale (33301, 33304)Pompano Beach (33062, 33064)Hollywood (33019, 33020)These locations have witnessed remarkable growth, but it's always wise to conduct your own research and evaluate factors that align with your investment goals and risk tolerance.If you'd like to hear personal experiences or discuss further, I'm more than happy to chat with you.
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20 May 2024 | 4 replies
You cannot have any full time employees with that business or any business you own.
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20 May 2024 | 1 reply
I’m looking for some advice and help on this situation I got myself into .I currently own a property in which I owe about $33k on.I need to get rid of this property as it is almost 2 hours away from me and I have too many other projects going on right now.