Elle Xuxin
is it better to have a Nevada or Delaware LLC for my real estate investing biz in NY??
we are moving to NYC and going to set up a LLC for my husband's sound design business and wondering if it is better to start a separate LLC in another state or just use the same LLC to start with.. point is we don't h...
Darren Maloney
Cost Segregation & Accelerated Depreciation
Good evening. I am thinking of buying an income property before end of year, in part to take advantage of the generous Jobs Act depreciation allowance which I understand will expire 12/31/22. Does this have relevanc...
NIc Green
Tax Lien On Property During a Wholesale Deal
Good afternoon investors.
Getting ready to Wholesale a property, but the seller owes $2K in taxes. The title company should subtract that money from the final transaction between the seller & the buyer I sell th...
Ed Maione
Taxes and financing partners
Hi all - I'm in a situation when I have access to enough cash for down payment and rehab for a flip but don't have the DTI available for financing. I'm recruiting a money partner to fill the gap but am not sure the ta...
Deloris Coleman
Adding funds to Business Account
I have an LLC and it has its own business account and credit cards and everything. The business is not generating enough revenue to cover all of the expenses, so when a bill is due, I deposit cash and categorize it as...
Mike Shulman
I came access this deal. Wanted some opinions.
View report
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Ronak Patel
Due Diligence to look for when buying a property with employees
I'm looking at purchasing a property that has a good onsite manager. I'd like to retain this manager and the seller has told me what they pay her verbally, but doesn't have a contract with her (they are old friends).I...
Mark Wilson
How would you pitch this owner finance deal?
I have located a property I would like to purchase as a 2nd home. Seller owns home free and clear and may be willing to help finance.
Sale price of the home is 520k. I know the market well and don't anticipate an...
Travis Elliott
CAN SOMEONE TELL ME THE DIFFERENCE BETWEEN SELLING IN ONE YEAR OR WAITING
I was wondering what the tax difference is between selling a home before owning it for one year or after owning it for a year.. Is there a set tax percentage rate for both?
Deyano M.
LLC, Uncle Sam, and $$$
I am trying to figure out the best option for dealing with profits and Uncle Sam! I contacted a CPA and he is $210/hour- egads!! Hoping all of the experts on here can help.
When it comes time to divide the profits, i...