Erika Wilson
LLC real estate purchases
Has anyone brought real estate in Illinois using a LLC? What was the process? Was it hard obtaining financing from the bank? What banks in Illinois offer mortgages to newly established LLC's?
Joe Abughazaleh
FIRPTA-BUYER
I've been searching the forums without any luck. I'm interested in buying a condo in Las Vegas where the seller is subject to Firpta withholding. I've read the tax code on the IRS website and also found this:Q: Who i...
Nicole Pearson
Wholesaling in CA: landrust vs flipping LLC
Hello there.. I am a total newbie to investing and trying to learn as much as possible to get started. is there anyone working in CA that has come across the situation where there is title seasoning and cand not assi...
Gabriel Mortensen
“Gifted” Property in Seattle
New to real estate investing through unexpected scenario. Looking for guidance on how I should approach this from my specific situation. Here is the current situation.
1. Father in law has a home in Seattle worth...
Michael Williams
Newbie Deal Help
O.K. need BP help on another deal. I have a seller that owns a property free and clear, except the $4,500 Tax due, so free not clear. It is a 2/2 that he did a $30k renovation on 2 years ago. It's worth $63k accordin...
Mary Jay
Deductions that are too late to deduct during an audit
Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...
Rebecca Wilson
Tax Deduction Rental Rooms
I moved out my 4 BR home in late 2017. Purchased new home different city. Beginning Apr 2018 I began renting out 2 of 4 BRs in old home. How do I handle tax deductions? I visit the property occasionally for personal ...
Jason Waters
Attorney assistance in TX (Series LLC)
Hello,I am looking for a good attorney located in Texas that can assist me in forming a Series LLC. Any suggestions would be greatly appreciated.
Ben Firstenberg
City of Cleveland Income Tax for Rental Properties?
Hi all, Do you guys pay income tax on the rental properties you own in the city of Cleveland? If so, how? On RITA?I did not live in the city of Cleveland last year, but my rental is located there. So I'm not exactly s...
Thomas Watson
Withholding Requirements for sales of property by Nonresidents
Is there a way to avoid withholding requirements when selling property in Maryland? On the sale of an investor property for 32K I will have to pay almost $2500 in withholdings.Withholding Requirements for Sales of Rea...