Tyler Boyd
TN Dept. of Revenue Tax Registration
I keep getting letters from the Dept. of Revenue here in Tennessee saying I need to register my LLC with them for certain taxes. I have an LLC with several rental properties. These are all long term renters and everyt...
Edward Adams
Tax liens - what happens to them in a Foreclosure process?
In a Foreclosing process that ends in a Sheriff sales, what happens to existing State dept of revenue (tax) liens?Right now I have a home in PA that has 4 separate state of PA tax liens totalling $46k for a homeowner ...
Mike Wallace
what would you pay for this building? 6 unit
Building is in a C area. I own other multi family and SFH in the area so there will be no surprises with the lower income tenants, I am used to it.
6 units at $485 per unit. $34920 yearly gross revenue
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Account Closed
Flips that turn into holds
What is the best entity structure for a business that buys then sometimes holds and sometimes flips? It's not always easy to know ahead of time if you are going to keep or flip. So it would be nice to just have both...
Robert Sims
Obtaining Information on Alabama Tax Delinquent Property
Found a property in a nice area of Bessemer that was sold to the State in 2014. I requested a quote from D of R in February but have yet to receive a quote. The listed owner is a Realty group that no longer exists. ...
Hannah Joy
Depreciable expenses vs rental revenue income tax
What is the magical ratio of one time capital expenditures to capture enough 100% depreciation to neutralize income taxes on rental revenue? I know it exists...If I buy one property a year and do extensive renovations...
Christy Osterkamp
Exemptions to Tennessee Franchise and Excise Tax
Hello Fellow BP'ers,
As a fairly new Tennessee LLC, we received a "final notice" from Tennessee Department of Revenue requesting $646 for Franchise and Excise taxes and late fees.
When I called the Dept of Revenue, ...
James Sheppard
Evaluating Commercial Real Estate
There is a piece of property that is for sale that is an empty warehouse building that is zoned for commercial and residential use.The property is located in the Central Virginia area that is surrounded by old warehou...
Dan M.
Leasing a room to my own company
I recently read an article on Biggerpockets about getting the experience of being a landlord for 2 years and being able to find lenders much easier afterwards. My wife and I bought a house in 2014. Meanwhile we opened...
Edgar Martin
Capital gains tax on a flip
I understand capital gain taxes vary from state to state on a fix and flip.My question is are taxes assessed on the total sales price of the home or only on the profit made from the home?Ex: Price purchase of flip: 17...