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I already have an e-mail into my attorney/CPA with this question (so don't bother telling me to check with one), but while he's answering the 80 or so e-mails before mine, I thought I'd post this question here to get ...
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I owe 2 rental properties, (5 doors), in California. The 1st property is a single family home which is about 5 miles away from where I live. The 2nd property is a 4plex which is about 140 miles away from where I live...
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I wonder which BP forum this question is best suited for? Suggestions appreciated. I think it's mostly a tax question?Here's the sitch...We took on a significant single-family rehab that for lack of a better term, "ha...
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Investment Info:
Single-family residence buy & hold investment in Raleigh.
Sale price: $234,000
Ncsu area. Thus house has been an airbnb/vrbo short term rental property since day 1. It has and is a t...
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Does anyone have any experience or insight on purchasing an LLC that holds property, as apposed to just purchasing the property in the LLC? Any benefits or drawbacks?I am looking at a couple opportunities; one that h...
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Good afternoon,Ive got a quick questions regarding reconciling on quickbooks. I just signed up for QB and all of the info has been imported and categorized for 2018.When I go to reconcile, It lists a starting balance ...
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I have came across a foreclosure deal with an opening bid of 20k with a recent assessment value of 120k for the property. With that being said I have done some research on the pros and cons of purchasing foreclosures ...
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I've read that its best to flip houses through an S-corp since money made from flips counts as ordinary income.
Problem is, the only business entity I have is the LLC used to hold my buy and hold properties.
This ...
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I have a few questions about "subject to" the existing mortgage and a deal that really only makes sense to me using this type of financing. If any "subject to" experts or those with experience would help me out I wou...
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When buying a house for a price that is higher than the current assessed tax value would the city always raise the taxes up to match the new purchase price? I was wondering if this varies based on where you are buying...