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I’m curious to know if I setup an LLC in a non-income tax state such as Wyoming/florida will I be able to transfer/own property from an income tax state such as Michigan without incurring said states income taxes? Exa...
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I'm working on another potential deal where the owner informed me that the property is under conservatorship. I looked it up and it stated;
"The Abandoned and Blighted Property Conservatorship Act allows the court t...
I tried to search this without much luck.Anyone out there have stated in their lease a court appearance fee? Say the tenants don't pay and I have to file for eviction, I charge the incurred court costs to their accoun...
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Hi. Can anyone recommend a foreclosure attorney? - Some of the questions I have: As a PML, what is the difference if I get collateral in an investment property or a primary residence. I hear that it can be harder to f...
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Hello everyone, been lurking for a while now. Now I have a question, hopefully in the future I'll be able to add to this forum.
I formed an LLC last January, bought a house to fix and flip in July (could my timing ha...
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I'm struggling with the idea of purchasing an investment property in such a high market. I recently sold my first and only property (single family) which I purchased in 2012 so I may a very good profit on the sale. ...
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Kind of want to see if this is possible or absolutely not (I'm thinking not but just curious what others think). So my parents are doing a 1031 on their old property to buya new one. My brother and I would like to be ...
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Hi, all. I closed on my rental property in January 2018, but I incurred expenses to buy it at the end of 2017. Normally, it's pretty straight forward on Turbo Tax, when the expenses to purchase a rental and the income...
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Hey BP!
I wanted to get everyone's input on a dilemma that I will be facing. I will be closing on a duplex soon and as part of the deal, I will be inheriting some tenants that have not been the best in all aspects. ...
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Its a time of the year when I need to pay Property Taxes in a few counties. Combine sum for the properties I have is about 8-10 K per year.Is there any way I can postpone paying the taxes and put them toward purchasin...