Nathan Farkash
Purchasing Property out of state - LLC Question
Hi, I am based in MA but about to buy rental property in NY. If I were to form LLC to purchase this property, should I be filing in NY or MA? I will not be conducting any business in MA just collecting checks as I wil...
Derek Whitener
Tax implications of "Investor" vs "Dealer"
I have house hacked a few times now where we buy a foreclosure, renovate, then sell a house at the two year mark so taxes have not been an issue. We now want to flip a house on the side, outside of our primary residen...
Sean C.
TAX DELINQUENT CRITERIA?!
Hello Bigger PocketsI contacted a specific county and they sent me a form to fill out of which Tax file I want. Bolded below is the form they sent along which type it's under. Crazy they are charging hundreds of dolla...
Gene Walker
Taking possession question
I received a tax certificate from the state of Alabama on a 4 acre parcel. I have already accessed the property in my name at the Jefferson county courthouse.
There is no structure on the property but there is someone...
Matt A.
Should a General Contractor or their Sub-Contractors (or both) file permits ?
I'm deciding between a couple different licensed General Contractors to hire to remodel an investment property in Oakland, CA.
Some of their buildzoom.com profiles show no record of them having ever filed permits.
...
Melanie Baldridge
One of the most tax efficient ways to build your wealth
Too many entrepreneurs make good money each year but pay Uncle Sam 35-50% of it.
It takes a long time to build a massive wealth snowball when 1/3 to 1/2 of your snow gets chopped off each year.
Real estate can h...
Jennifer Osborne
Use application site, should I still require SSN on file?
I use mysmartmove to do credit checks, background checks, eviction checks, etc. Should I still require a separate application and/or should I require SSN#'s on file to continue to check on tenants?
Joe Lambert
Tax implications of possible change from Schedule E to C
My wife and I both have W2 jobs. We are currently in the process of refinancing our rental properties. After we refinance, the mortgage and deeds will be in one of our individual names (versus formerly in both), but ...
Chad Skiles
What does in this blank?
On one of my purchase contracts, I have this paragraph: The Seller, at his option, agrees to furnish the Buyer, either a complete abstract of title certified to date, or a title insurance company's commitment to ...
Mike Hoover
Entity structure for multiple properties
Hey BP,Currently a partner 50/50 and I have a dozen properties under one LLC. Buying another 30+ units (7 seperate properties all in PA) and I’m going to split them up into 3 additional LLCs but wanted to add an addi...