I am selling my investment property through my company and what I like to know is capital gains is reported the year of the sale or 12 months from the sale? Is there a CAP on capital gains? If I reinvest the net pro...
So I have not begun investing yet, but hope to as soon as possible.I hear from a lot of investors that they buy their first property, and then have trouble securing loans for the next 2 years, because they cannot coun...
Hello, I'm sure this has been discussed before but I haven't been able to find the answer to my exact question so here goes:It has been suggested to me that setting up a LLC to do property management (sign leas...
What are some easy ways or rule of thumbs to estimate costs when you analyze a buy and hold property? It could be a website, or a percentage of the property or rent price, or a fixed price, etc.Please use the followin...
Can you legally send a past tenant whom you have a judgement against from small claims court a 1099, is this kind of like some credit card companies do when they settle for less than owedI
I have the federal taxes understood on this, but what about South Carolina tax? If we live in the home while fixing it up and sell, what percentage would we have to pay to SC for short term capital gain? And if we don...
Do you need a LLC before buying properties and renting them out?
hello, need advice in picking the right RE market.downpayment: 40-70K per unit.goal:cash-flow, decent appreciation & locality. looking for about 300-500 cashflow per month per unit. is this doable? what are the st...
Hi! After 2 years of paying exorbitant ( debilitating) federal taxes, I ' ve decided to look for a tax strategist. We live in PA outside of Philadelphia, In the King of Prussia area. Does anyone have a recommendati...
Heads up for landlords who accept rent payments in cryptocurrency. Quoting a recent news report (link at bottom of post): "The existing guidance, IRS Notice 2014-21, said that for the purposes of federal taxation, vir...