Ben Feder
How do you get to know a market well?
24 November 2019 | 6 replies
@Ben Feder Google street view is a huge help here, also if you mark them yes/ no through a place like Redfin you'll see patterns start to emerge, as I said before a firm budget also helps, because it doesn't let you stretch fantasies too far.
Veritas Harmer
taxation of single member LLC
26 November 2019 | 4 replies
For federal tax purposes, and also for most of the states , you will pick up the income from the property in the single member LLC at the individual level.
Lynnette E.
How to choose Tax / CPA person?
25 November 2019 | 2 replies
When I say, this is where my money comes from, they all seem to say yes, I can handle that, but then they do not.I know I need someone who can handle taxes for Trust money, Roth IRAS, regular IRAS, a real estate business (definitely work more than 750 hours a year and its my only business as I am retired from other job) involving buying foreclosures, fixing them then renting them, and federal retirement funds.
John Solotarow
Best way to invest with my 401K for Investment Property?
27 November 2019 | 7 replies
I was told by the custodian of the 401K, that I would pay approximately 27% federal taxes at time of withdrawal and at the end of the year city and state taxes.
Jesse Richards
S- Corporations for rental property
6 December 2019 | 26 replies
It must file the appropriate forms with various state and federal agencies monthly, quarterly, and annually.
Jane S.
tenants running business from rental
1 December 2019 | 13 replies
It's imperative that you require access to prior year state and federal year tax records, license documents, insurance cover pages and even check with your Secretary of State, Attorney General, and local health departments from where they are coming from to determine are they legit without infractions.
Tom Anderson
Creative Financing Help. Hard Money and Points
27 November 2019 | 4 replies
However, this usually leaves you at the same place because you will then need to comply with that states securities laws, which more often than not are modeled on Federal Securities regulations.The most popular type of expert offering is the “private placement”.
Mayer M.
Solo/individual/checkbook 401k question
30 November 2019 | 7 replies
@Mayer M.It is my understanding that 401k contributions will reduce your state and federal income tax, but not the SE tax.
Harman N.
CPA for OOS investors: in home state or investment state?
1 December 2019 | 3 replies
I guess the question I was trying to ask is, are there state-specific laws pertaining to real estate which a CPA needs to be familiar with, or the main RE-related tax nuances all part of federal tax code?
Camille K.
Delinquent Tax Sale 12/10/19 in Spartanburg, SC
5 April 2021 | 19 replies
It all seems risky when there are Federal and State liens as well as private mortgages with the vacant land as collateral - trying to tread carefully.