Alex Schwartzman
Sewer fee on my tax bill
Hello, I really need an advice.Here is the story. I am in CA, at the end of last year I bought a rental house in Indianapolis. It has a tenant who is responsible for paying utilities bill. Last week I got a tax bill...
Alan Feng
Is property tax appeal fees deductible?
I use a 3rd party company to help protest my rental property appraisal values and they take 1/3 of the actual tax reduction as the fee. Does anyone know if this fee can be considered as expense to the rental property ...
Jessica H.
Property Manager Fees & Income Tax
Hi everyone,This is my first year owning a rental property. My property manager shows fees like "posting & processing fees", "software", "showing the unit" in his financial statements. How should I handle these fo...
Eric P.
Capital required at closing? Closing costs, taxes, etc.
I bought my primary home 2 years ago and I just cant remember all that's required.We're looking at houses around $100k-$125k, I'm estimating everything high so 5% for closing costs, I've factored inspection cost, 15% ...
Enrique Villarreal
Does sold equity in a property count as income!
AllI’m considering selling interest my primary residence to a partner in exchange for X% equity. I plan on moving out of the house at the same time and using the money as a down payment on my next primary. Would this...
Vanh Schwartz
Newbie and need help in starting the process in the flipping
hi everyone!!my name is Vanh S and i have had passion for this business and have my brothers support to help get this idea/passion started, but i am not business savvy enough to understand the process, for the past 10...
Peter Bui
Is finder fee or assignment fee would trigger a UBTI tax?
Hello everyone,I am just starting out with the Wholesale Real Estate process and appreciate any advise on this topic so that I have a clear understanding about the DOs and DONt in RE Investing with SDIRA.Is finder fee...
Brad Moore
Help with BRRR! Is it too late?
I bought a $120k house to flip in my LLC name on the best street in town. Pumped about $65k into it so now have a roughly $185k basis in it. Only $100k of it is on a 15 year commercial note.Rather than flipping I thin...
Anna Smith
LLC, when should it be done?
Should we create our LLC before we buy our first investment property? Or can we create it after and then establish the investment as part of the LLC.
Tyler Carpenter
Starting LLC?
I am in the process of buying my first property in the next few months and at 6 months in the longest. I talked to a rehab lender and everything seems to be pretty good once I get them money from some of my investors....