Alex F.
Asset from from overseas
Thoughts on holding a property in a US LLC which is then owned by a foreign entity for asset protection from lawsuits?
Carlos Varum Jr
Federal Tax Credit - Solar Panels - Is my Math/thinking right?
Good morning,
Thanks for taking the time to read this and help me wrap my head around this.
So with the recent legislation, my understanding, is that there is a 26% federal tax credit for the purchase AND installati...
James Denon
Being a lender to a friend
My friend is buying a condo in Cape Cod MA. It is a bank owned propertyThe pipes are damaged and there is a risk of flooding if the water is turned on. The bank would not let them turn on the water because of this ris...
David Gore
Tax Questions on Installment Sale of Inherited Property
My grandfather passed away two years ago. My mother inherited the home, but wants me to have the proceeds from the sale of the home.I have a potential buyer interested in a land contract.I need to determine the best w...
Rob Pattison
Needing a second opinion on my $51k tax obligation
I bought a house in Costa Rica, using partially money from my 401k through a covid distribution, which meant I escaped the 10% penalty but still am liable for income tax.I'm 59, and took out approximately $200k. This...
Shuo Li
How to minimize income tax?
Hello BiggerPockets.I'm pretty new to the real estate investing business. I do not currently own any properties. My aim in to obtain 2 rental properties in the next 12 months, and scale up as I go alone.The issue (a g...
Luís Ferreira
Loans to get and tax obligations in Europe (Portugal)
Being a Portuguese, but living abroad (Norway), I had financed 4 of my rental units. 2 of them are residential, and 2 other commercial (Leasing).Always worked with Portuguese local banks.I am wondering about possibili...
Michael Ming
Seeking Advice: Managing Tax Obligations and Property Down Payment
Hello everyone,
I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.
I have a pending income tax payment of approximately $200K for the year 2023, due by Septem...
Michael Ming
Seeking Advice: Managing Tax Obligations and Property Down Payment
Hello everyone,
I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.
I have a pending income tax payment of approximately $200K for the year 2023, due by Septem...
Raymond Loughlin
New Jersey Bulk Sales Transfer Tax Need Advise
I am selling a One Bedroom Condo and the Buyers Attorney wants me to fill out a Bulk sales application, what I don't understand is why? Since this is not a commercial property or is it in any type of corporation. The ...