If I wholesale a property without an LLC, how would I be taxed on a percentage basis? I can't deduct my marketing expenses. Its almost the end of the year and I am concerned.
For all the california investors out there that invest out of state, do you guys hold properties in llcs? If so, have you found any way around paying franchise tax fee?
Hey everyone, I'm purchasing a property next week but has about $5000 in back taxes and fees.
Has anyone ever had luck in getting the county to waive the late tax fees when purchased? It's several hundred bucks - no...
Hi everyone, I’m a first time home buyer. My fiancé and I were working to purchase a short sale for around 7 months. The deal eventually fell through and the property is now up for Sheriff sale. We have extensive know...
What is the typical process for requesting a reduction in property tax? Is this based on the value of the home, the price paid for a home, or what exactly? The property in question is in Missouri if that helps an...
We are currently in escrow on the sale of our home located in the unincorporated area of LA county. On the grant deed a “City Tax” of $6975 is indicated, then the line indicated “unincorporated area” is checked. Is th...
newbie here, just hoping to close first property.. the mortgage is 90K, but the lender are charging with everything including transfer 2% tax fee to almost 13%. is this normal closing out? the property is in phillies...
About a year ago I listened to a BP podcast where someone talked about Wheelwright's book, Tax Fee Wealth. I'm sure most of you are familiar with this book. Basically what he says is that the US tax code favors busi...
Well, it finally happened. We have a tenant who hired an attorney. Or maybe an attorney found a tenant that's so far behind in paying rent and has a history of not abiding by the lease, that now suing me is an attra...
I am trying to get as much information about wholesaling as possible before I just jump in.I am wanting to do wholesaling but im not sure what I do about filing taxes how does that part work ? off the money I make are...