My LLC is setup in Philadelphia (PA LLC). Philadelphia has its own set of business taxes, but my LLC is setup as a sole proprietary, therefore acting as a passthrough to myself for state and federal taxes on the prof...

We all know the meaning of location, location, location. But assuming that an investor has all their other ducks in a row, What is the minimum size population a city should have in order to consistently average 4 deal...

Hello,
I bought a property that needs some repairs. One of the handymen that came out to give an estimate asked if he could rent the property and in turn he would do the work in lieu of first month, 2nd month and las...

Hi everyone! Maybe you can help us accidental landlords with deciding what to do with our home in Denver?We own a home in Denver, it's a SFH flip in the North Park Hill neighborhood (between Monaco and Quebec on 26th)...

I'll be closing on the sale of a rental home on 1/2/20, and will incur around $15k in long term capital gains taxes on the sale. Do I need to pre-pay the IRS some taxes, or can I wait until April 2021 when I file my 2...

My wife and raise and sell cattle and started an LLC partnership in GA a couple of years ago with Operating agreement and annual meeting minutes, and all that is required. We also had an attorney draw up a Quit Claim ...

After reading lots on this forum, I realize that I do not need to create an LLC but an S-Corp for purpose of (personal liability protection only) . Since the taxing will pass through to my personal income thus the sa...

A house just popped up in my farm area that is being sold at IRA auction next month. In order to bid, I need a cashiers check for 20% of my bid amount on site the day of the auction with the remainder to be paid withi...

My wife and I just bought a duplex in the state of Iowa, we set up a mmllc to put on title of said property. I called a friend who is a cpa, he told me I would have to pay myself, which would mean extra taxes.( The pr...

Hi,Any tax guru can help me out on this question:I want to pay my kids for working for me...but don't really know the pros/cons between W2 - payroll vs Issue 1099?Thanks in advance for your help.