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Hi everyone, I hope this is the right place for this question, I found a few posts somewhat similar but I'm still a little unsure. I recently started a RE holding LLC with my brother because my grandmother is giving...
Hi all,
I was hoping I could get some general info about taxes from note income and how everyone here handles it.
I'm getting into creative financing, and plan to originate several notes (yes, I'm aware of Dodd-Fran...
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Q: If I get rental income from US properties as a non-resident, do I have to pay 30% taxes on it?Hi all, I have seen a lot of questions around this topic and I did some research because I had a similar question. Hopin...
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hello BPIf I have a LLC that gets 100k income yearly, can I use 100k to purchase a propertyOr I need to pay taxes on the 100k and only with what is left to purchase the property
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I know this topic has been covered in the forums a few times over, but I can't find the posts on it and I'm really concerned about this, so I'm going to start a new thread.I've done all the calculations for setting as...
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Basic tax question if anyone can help for a 2 family in NJ, Jersey City.Tax is around 20%, and rental income is considered capital gains?Lets take example 50k rental income for 12 months,property 7k taxes per year,let...
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I'd like to know if anyone (especially any EA or CPA) might have experience here. I'm finding that property managers are good about sending invoices detailing expenses and revenue for the property. However, for serv...
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My wife and I formed a WY LLC that is an asset holding LLC and a member of two other LLCs, one in NC and the other in FL. My wife and I are the only members of the WY LLC. I have rental income for the NC and FL LLCs. ...
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Hi guys, long time watcher making my first post! Thanks for all the great info this far!
I am single, 32 years old and purchased a small multi-plex as my first ever real estate investment. After shopping many banks I...
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Hey BP,Purchasing a 2nd home with 2nd home mortgage, but using the home as a STR. 1. Can I use depreciation of the home to offset rental income gains? 2.How do I take advantage of tax deductions if purchased as a 2nd ...