Might be a simple question but if a rental is sold from an LLC what amount is used to calculate capital gains tax. The sale price or the net amount after commissions, loans, etc. are paid off?
I’m into my second major rehab and have been purchasing materials for the contractors to use on my credit card. 1. To get the rewards points2. Cash is tight and I need to keep room for labor as the contractor doesn’t ...
I am a newbie. Is there a website that I can get an estimate on the re-hab price of xyz location?
For example, I want to know the cost needed to do a basic improvement (for a rental), a medium
level improvement (l...
Hi everyone, I work for a new carrier focused on rental apartments (single and multi-family properties).
We're on a mission to create a better insurance product for landlords/real estate investors.
What do you thin...
We are completing a 1031 exchange. First property in CA, 2nd in Houston, TX. Some friends say they have completed 1031 exchanges on their own and all you need is 'keep a paper trail of transactions'.However, given t...
As a property manager, my responsibilities extend far beyond simply managing day-to-day operations; I'm also involve protecting the long-term value and profitability of my landlord's investments. Handling home warrant...
How much of an discount price do you make on an offer that's on the MLS?
In a nutshell... I purchased a rental property recently and I'm losing money everything month. Not an obscene amount but I would say close to ~$100 a month just due to the market I am currently in (Orange County). Thi...
So, last year I purchased a course/package from Elite Legacy Education. It’s tax time and I wanted to know does anyone know if there’s an advantage to receive a greater return. You know receive at least some of what I...
I found an awesome 6 unit deal for $425,000 through owner financing. I need a 50K down payment. I am not sure how to go about the terms with other investors for the $50,000. I am open to paying them interest on the 50...