Would you share your knowledge and examples of operating rental properties under a business entity (LLC), compared to owning them personally? Please address within the following topics and any others you feel appropr...
For those of you targeting multifamily properties through yellow letters, what criteria are you choosing?
The criteria I plan to use is:
1 target zip code
Residential Multifamily 1-4 unit
Ab...
Hi,I have a seller looking to sell an entitled 190+ unit multifamily parcel. I'm trying to add up the costs of development. I'm wondering if anyone knows what city fees, permits, and taxes (school, water, fire) will...
If you do a cash-out re-fi on a rental property, what fees are tax deductible? Which fees are not tax deductible?
I know I will have gross revenue from rentals for income tax purposes which would include cleaning fees collected. For income tax purposes, I know I can deduct the actual cleaning costs so that portion of revenue bec...
The taxes in my area are 13.5% on the rental amount. However, I notice that the amount that they claim to be remitting to be 15%. That is,1.5% higher than the actual taxes due. Is VRBO charging renters a fee for makin...
I've be researching a lot about CA tax deed sales. I'm want to know if HOA fees would be wiped out if I were to purchase a condo at a tax sale?If possible please link to a resource stating the laws.
Basics: On a typical wholesale deal, for example someone gets their first deal done and makes a $10K assignment fee, (and doesn't do a 1031 exchange). Is there a basic tax rate that he will have to pay at tax time or ...
If I brought a property to someone in California, and my intention was to setup an LLC with the person where I get $10K (for example) from the net when it's sold. But they just want to pay me a $10K finders fee upfron...
So i'm about to make a offer on a property in Atlantic city. I own a home in New York. I have been told by several people in Atlantic city (real estate agent, home owners other investors) that in NJ at closing you onl...