Cliff T.
How is assessed value calculated in Philadelphia?
Anyone know of a good way to estimate how assessed value for a property in Philadelphia will change after purchase? For example, if the current assessed value for a property is $800,000 and I plan to purchase at $1,00...
Lain McCanless
LOOKING FOR A NEW MARKET
Hey guys! I have some 1031 Funds that I need to do something with in the next 40 days. We are used to investing in the midwest. We are looking for something in the 250K-600K range for Short Term Rental income with gre...
Joshuam R.
Florida LLC 2 member taxed as S-corp
Any one doing it this way if so, any good info or lessons learned would be appreciated.Had our LLC few years, (stagnant/not used), have not selected S-corp or C-corp with IRSFrom what I gather best form will be S-corp...
Account Closed
Advise from the experts:)
Hi people:)Would appreciate your advise on the following deal: 4plex, current rent 700 can be raised to 750/800. After remodel can be raised to max 900. No HOA, tax ~3k. Remodel cost 40-60k. How much would you pay for...
Genaro Picazo
Regarding paying a loan for a LLC-owned rental property
Hello. I currently own a rental property that is titled under an LLC (I am the sole owner of the LLC). The property is owned out-right, without any loans, mortgages, or liens. I would like to do a cash-out refinance s...
Kevin Piccolo
Mitigating Laundry Machine Risk: Some Alternatives
Hello Everyone:I would like the convenience of providing laundry in the building; however, would not like to participate in the upside or downside of owning or leasing. As such, I am in the process of reaching out to...
Tamika Rue
Tax lien certificate
Hello, everyone. I'm not getting much feed back on my discussions so I'm hoping someone will come with some kind of advice. I'm trying to learn as much as i can before I start my journey. There is a site, Alabama tax ...
Peter Schuyler
High Earned Income and putting money into Real Estate Business
If you have high earned income and can funnel some of the extra money into your passive real estate business to make repairs etc that supplements the passive cash flow, can you still write these expense of as business...
Troy Michaels
Wholesaling and Tax Preparation
Got a quick question about wholesaling and taxes. When wholesaling, are you issued a 1099 or anything from the hud 1 form or do you just make sure that you take care of the taxes on your own according to how you are s...
Kevin Luttrell
Taxes for Peerspace bookings?
Peerspace is a way to rent your property or part of your property on an hourly basis for things like photo shoots, events, parties, etc. We are considering listing our STR on this platform to fill some gaps in our boo...