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I went to the NYS site and it was straight forward. Awaiting confirmation of name etc. Says I need to post in 3 newspapers? Not sure where to go from here? Thanks
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Hi BP members; Formed an LLC registered in Colorado (state of residence) using self directed IRA (wife & I) in 2016. Finally purchased a residential single family home in Tucson, Arizona July 2019 using 50% mortga...
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Hello All - just finished setting up and putting my first short term rental live on Airbnb. I just rented out most of the previous month , and agreed to pay the property manager 18% of the booking fee host payout so n...
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I'm throwing a question out about how to get started in the infinite banking concept and the ability to leverage one of my properties to get started, does anyone have any experience in doing this? And the other quest...
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If my single-member LLC bought a property in 2014, but was not placed up for rental until 2015; so there is no income or expenses (other than capitalized expenses). Do I need to add the property on my Schedule E? It...
I know there is no universal way of structuring flips, but how do you normally pay out your investors for a flip? Duration 6-12 months. Raising $365,000. Am putting in $75,000 of my own money. Do you pay out an annual...
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Hi everyone, so what does buying and selling notes actually cost in terms of transaction fees? Certainly there are transaction fees... What do brokers usually charge for a buy or a sell? Also, what do note servicing ...
In California, do owners get their homestead exemption if their primary residence will be sold at a tax deed sale for unpaid property taxes?
Do proceeds of sale first pay off property tax liens then pay off homeowner...
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Hi, I have a property in Jersey City Heights that I have owned and have been renting out for almost a year. I was thinking of hiring a tax attorney to see if I could get my taxes down, they seem a little high. Does an...
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All,I hope you are doing great.I have an apartment 2bed/1 bath that I own and I am not sure if I should rent it out as a short-term rental/airbnb or long term. I heard the tax rates for short-term rentals are higher a...