Hello Fellow BPers,
My LLC owns a business property where I’ve run another LLC business for the last 17 years. I’d like to start renting to myself (my LLC commercial prop renting to my LLC business running out of it ...
I have an investment property which I'm thinking of selling, its worth approx $900k, I paid $480k, and owe approx $300k. I was thinking of doing a 1031 exchange, but confused whether I need to buy another $900k p...
Does anyone have experience exchanging their small multi family property into a single family home, use it as an investment property then move into it as a primary residence after meeting the requirements? I'm looking...
Hello, I'm looking at hiring my in laws for my LLC rental property business. Question is, how can I take the step and how do I do that? Also, do I really get tax benefits for hiring my family member. Can I do write of...
This is a question for you Tax-Savvy Folk out there. I'll soon be 59 1/2 and am planning take a distribution on a 403b (non-profit organizations) that I have with the intention of using it in a SD IRA (most likely wit...
Hi everyone! Canadian citizen here living in Ontario, Canada!I'm looking to start i) buying rentals, and ii) doing real estate wholesaling in the United States but I'm a bit stuck on getting the initial US/Can structu...
I've performed searches on this topic and cannot find anything definitive regarding my inquiry, so posting my own.
What will be the depreciation recapture tax rate I have to pay when liquidating a rental - flat 25% o...
Hi All, First time investor and a newbie here. I am looking at a property in Jarrell, TX for approximately $225. But when I crunch the numbers, it doesn't sound too great. I got the excelsheet from VIP financial onlin...
So I am updating all my information on REI from over 20 years ago since I last invested. Yikes 20 years!!!Here is a link to the Michigan Millage rates in case anyone is interested.https://www.michigan.gov/treasury/0,...
Hello all!I am looking to buy my first multi family but need to make sure I understand my monthly payments to find the best deal. Unfortunately this includes figuring out taxes. I am trying to wrap my head around asse...