Hello,There are 2 LLC's. The first one does Fix and flips and has some money in an account (we can call it fixnflip LLC) that the members would like to put into another LLC. The other LLC has a different business mode...
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
Can anyone advise how easy/difficult it is to successfully dispute a property tax assessment in Euclid, OH? My 2022 taxes were $32k. The building right next door to mine pays $25k even though it is very similar in sty...
Looking at a mixed use office building in the older part of a nice, more affluent downtown area, I'm curious to know what one may be looking at in terms of an increase in property taxes. As I understand, property taxe...
I'm about to buy a mixed use (commercial and residential) in an an Opportunity Zone in Missouri. One partner is selling off another piece of real estate, obtaining some notable gains, and 1031ing into this property. ...
As a rental property owner I found there is something new to deduct which is not available from a owner occupied property.. which is depreciation of the rental property.My understanding is that you get that years ove...
If I decide later to start a construction business (actively building and selling new spec houses), assuming this is taxed as ordinary income with social security, etc and treating the homes as inventory - if you buil...
Building a Bigger Portfolio The best way to build a decent sized portfolio in the world of realty is both by investing in tax liens and buying up properties through tax sales.It is important to research each ...
I recently purchased a commercial building and paid 65% of the county assessed tax value of the building. The owners wanted to sell it really bad. The building was no longer fully leased and most of the leases were we...
Do you have a positive solution for the below situation?
Someone is wanting to pay off a commercial building early that I financed, because they are selling the building. This person is willing to work with me to co...