We are closing on a 9 unit in TN which is considered a commercial property. I know that the FONCE exemption for the excise tax is only available for buildings with 4 or fewer units so we would be subject to this hefty...
I am transferring title of a property from my LLC to my personal name for a cash out refi. The title company says that this is considered taxable in Maryland (as if it were a sale) and suggested I instead dissolve my ...
Hi, I am evaluating to purchase a property south of DFW wherein the county Tax records show that the taxes are nearly $4500 with assessed value of $158000. (Market price may be even higher). With expected rent i...
Hey Everyone,
I am new to game and looking to purchase my first house this year. My question pertains to the closing costs associated in New York, specifically NYC.
I've been speaking with a few lenders...
Hi all,I have what seems to be a unique situation that I'm having trouble getting answers for.I'm planning on purchasing my first property in a couple months. To expedite the closing process, my parents will be helpin...
I just started my llc October of this year through the state of texas. if I don't receive any funds this year or do a deal this year do I have to file taxes? ive spent money on starting the company and filing and mark...
When screening, what are the subtle signs of PROFESSIONAL tenants that landlords can pick up on with the trained eye as to avoid them?
All of my properties are currently set up to pay tax/insurance through escrow.My new portfolio lender who does commercial loans said they typically don't do escrow on the commercial side but they can do it if needed. ...
I found a great article here: http://www.propertyinvestmentproject.co.uk/blog/using-a-company-to-save-tax-on-rental-income/ (hope I can post links, not my content)
But it is only relevant to the UK. Is there such a g...
Hello all,
If a brother and sister were deeded a home after the passing of their father, and the sister now wishes to buy out the brother (who has occupied the home for over 2 years), what is the process?
Both partie...