How can I determine the Capital Gain Tax due on a property that is a Short Term flip (Less than a year)? Does the tax vary by state?
Is Cook County really late this year? I still haven't seen the 2nd installment posted yet. Anyone have any idea when this will be posted?
From what I gather, you have to pay sales tax (state + county) on commercial rent.I dont understand how they calculate this if the state/county are not part of the rental contract?
My parents purchased a property back in 1994, which they used as their primary residence until around 2012, then started renting it out. They'd like to move back into the home and live there for 2 years before selling...
I just got a draft from a CPA, that I need to write a check of $40K for taxes.
I have in my email where he said even if I don't do a 1031 exchange, my capital gains will be offset by passive carryforwards. I've had i...
So I closed on this property (triplex) around Mid-Feb 2020. I just found out thru a letter from the county, that I am now in foreclosure because I'm apparently delinquent on my property tax. I thought this was weird o...
I am a newbie and looking into getting my first rental property investment. I was not planning to sign up for an LLC but I was surprised my hard money lender requires this. Are all hard money lenders like this? What a...
We decided to buy a new house and to rent out our current house. We have other properties, all of which are held in an LLC. So our plan is to deed the house from ourselves to our LLC. We consulted our CPA, told him wh...
Happy FriYaY BP Fam, Thank you for your time
Scenario:
My mom has a Philly rental property that and would like to transfer house/deed from my mom to me and my sister. We ultimately want to then put the house under...
What is the process and estimated costs associated with transferring a property from my LLC to my name in order to refinance? There is currently no mortgage on the Maryland property. Also, If I decide to keep the prop...