Jaago Viitkin
Bookkeeping / CPA question
I opened an LLC in New Jersey.This LLC rented a multi-family property and is subleasing the house to regular tenants.The LLC needs to make renovations in the house and my question is how to work with sales tax??For ex...
Elizabeth Wilson
What are you paying Sales VAs
Hey BP world!We are in the process of hiring our first Sales VAs. They will be responsible for answering questions about our properties and processes and gathering information from home owners/buyers.If you currently...
Stephen Chittenden
Cost for AC/Heatpump replacement in Bel Air, MD
Apparently, the A/C has gone out in one of our units in Bel Air, MD. Got a quote for $5,200 for a 2.5 ton 14 SEER air handler and 2.5 ton 14 SEER heat pump with a 10 KW heater. Looks like they're quoting a Trane sys...
Froilan Halili
paying sales tax on construction for rehab
I have a flip that i'm hiring for. My question is, my contractor is charging me for additional 10% sales tax for the whole project (labor and materials). Is that normal practice, to charge sales tax for both labor and...
Romeo Sison
Help with a RE class question.
Which of the following is not an investment property?
A. Land
B. A 1-unit apartment complex
C. A mini-storage facility
D. An owner occupied residence
Sky Kwan
being a real estate investor in HK?
I m new to here and I am from HK where has the most expensive real estate price in the world. I read lots of real estate books such as Brandon Turner's real estate investment and i found out i am fascinated by real es...
Connie Ly
My First Flip
Hello everyone. I am doing my first flip and confused with the taxes. My general contractor said he will be my sub contractor and be able to get all work done with his professionals. I have questions:1) a sub contract...
N/A N/A
Ways around paying sales tax on building supplies?
Washington state's sales tax rate is out of control - 8.6%. That's a huge chunk of change on the $300,000+ homes we're planning on building this spring.
Are there any ways around paying the sales tax? The builder is ...
Jim C.
Paying Sales Tax on New Construction in Florida
Anyone know if you have to pay 6% sales tax on new construction SFR in Florida, specifically the Bonita Springs area? I am looking to build new construction and not sure if I have a new house built, if there is sales ...
William Jasin
Collecting Sales Taxes, Advice Needed
I am setting up an LLC. My attorney said I can use 1 LLC for all my business but I don't know if she is thinking about all the tax consequences. Under the LLC I am going to have 2 DBAs. One is for my wholesale and fli...