Nick Schumacher
Biden’s capital gain tax
Having a hard time finding info on Biden’s tax plan on long term capital gains. I see he’s Proposing basically doubling the rate for the 20% bracket. Does anyone know if his proposal effects the 0 and 15% bracket?
Bill Hughes
Inheritance Tax leaving a cloud on a title?
Hi, I'm interested in a property available for a private sale in PA, I had a full title search done by my lawyer and basically there are a handful of small municple liens (2 actually) which I would be happy to pay off...
Mosun Mah
Live in Los Angeles and have Colorado LLC
Hi All,I opened an LLC in Colorado bc I'm part owner of a property out there. Can I use that same LLC to put the deeds of my California properties? Any tax issues or problems that can occur if I were to do this?Than...
Jason Prignoli
Pennsylvania Transfer Tax
Hey everyone!
For those Pennsylvania based investors and legal experts out there I was wondering if you can provide some guidance on the situation below:
If I purchased a multi-family property in my name, then trans...
Michael Bettencourt
Do property taxes ever decrease?
Has anyone who’s been at the game longer then me ever seen property taxes decrease in an area? Or once there implemented it’s almost impossible to go back? I have an offer in on 2 Duplex’s in Lake Country IL. With 3.2...
Warren Barton
Should property manager pay me through my SSN or through a pass-through LLC EIN?
Hi I'm hoping for some advice on this one. My accountant has this in their inbox as well. I have two LTRs out of state that are managed by a local, fantastic property management company. To date, they've been sending ...
Dominic Brown
New to Tax Deed Investing
Good Morning BP! I am new to tax deed sales and very interested. I'm currently in the position to start the bidding process (online) to attain properties. Any advice on how to search homes to see if they owe additiona...
Chris Gordon
Goal: $360K gross a year - strategies to achieve this?
The five year plan is 360K gross revenue a year - so before taxes, operating expenses, etc. So the question is: what would this business look like?Conservative estimate is that 10 rehab/flips a year, as well as a buy&...
Greg O'Brien
PPP Forgiven Funds are NOT Deductible
IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes. In essence, the forgiven funds are taxable, in direct conflict with the Cares Act. Congr...
Drew Petro
Car Wash Asset - What Am I Missing
Gross revenue of ~$75k, NOI of ~$35k, valuation based off 4.3x gross-revenue, not 5-7% cap rate. Better Cash flow monthly?My realtor called me recently with an interesting investment opportunity - a local car wash. It...