Carrie Zhang
Higher Purchase Price v. Higher Rehab Cost
31 January 2024 | 12 replies
The hudson valley is a big area and taxes vary wildly.
Richard Arakelian
Money Pit, what to do?
30 January 2024 | 13 replies
Purchase price: $12,250 Cash invested: $7,250 I was trying to do the Tax Deed investing taught by the Ted Thomas group only to fall into this money pit.
Lora Krulak
group investment / forming an LLC
30 January 2024 | 5 replies
@Lora Krulak I may be biased, but having a competent real estate focused tax professional on your team is a big one.
Vijay Moh
Investment in Antioch vs Sacremento
31 January 2024 | 7 replies
I'm in the Tahoe Reno NV area now and there are also solid single family that cash flow without the headaches of California tenant laws combined with low property taxes.
Amber Forkey
Vendors & 1099s
30 January 2024 | 5 replies
@Amber Forkey if the trash removal company is a C-Corp or S-Corp (or an LLC taxed as such), no need to send.
Nicole Blankenship
Newbie Investor Choosing a Market
2 February 2024 | 52 replies
Ohio is also a landlord friendly state that offers low taxes and price-points.
Fan Bonnett
Advice needed: should we buy one house with cash with two houses with loans?
29 January 2024 | 1 reply
Equity in a house is a liability.
Shaheen Ahmed
Is Baltimore a good market for multi fam investment
31 January 2024 | 10 replies
Taxes are much cheaper than the city.
Chris Logan
Looking for some Clarification.
30 January 2024 | 5 replies
There are a few problems with what you said and how you are planning to go about filing taxes for your rental income.First, I think you meant your LLC is operating in a State that is NOT a “community property” State As a result, you will need to file a LLC tax return with the IRS and State -> Yes, you are required to file The LLC tax return you file (I’d recommend getting help) will include an IRS Schedule K-1 for the LLC parters (you and your spouse).You will need to use these IRS Schedule K-1s to report your rental income and expense on your personal taxes return.
David Walton
1099 Filing Question
30 January 2024 | 5 replies
I have a tax question to run by you before speaking to an accountant and paying a fee for that!