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Hello everyone!
I have a two pronged question...
Can you explain to me the difference between having an S-Corp vs an Llc Taxed as an S-Corp?
Lastly, I know some people simply say have a new LLC for every single fl...
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I recently signed up as a PRO - ll/2/16 - And have been identifying properties that I want to BRRRR - BUY, REHAB, RENT, REFI AND REPEAT - Per Brandon Turner's formula. So far my sources have been via the MLS - but I ...
When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.
There are circumstances though that a 10...
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We are selling our primary residence in NY state (not NYC) and I'm a little confused on how capital gains will be handled at the state level.
Thy his has been our primary home since we purchased it 2.5 years ago. I'...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $2,105,000
Cash invested: $350,000
Sale price: $2,875,000
A private Mid-Century Modern compound nestled in the ...
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Didn't locate anything written recently on this: Has there been a change to the tax treatment where an owner can move into a rental and convert it back to a residence then sell it w/o capital gain, within acceptable g...
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Does this situation sound feasible?Let's say I completed a live-in-flip as a single person. When I sell my house, I have over $300k profit. I have to pay capital gain tax on the $50k surplus. What if I refinanced for ...
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Hello everyoneI like to get the inputs from some experience investors, and what you would do if you were in my shoes.I bought a 2/2 town home in San Jose in Feb 2013 as primary residence for 520K with 20% down, which ...
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Hello,I am currently in the process of looking for my first property, and am gathering my network of resources to use (realtor, inspector, lender, etc..)I asked my realtor for information regarding a couple home inspe...
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What if you lived in a property as a primary residence for 2 years, and rented it for 4 years, then moved back into it for 2 years before selling it? Does it still qualify for the capital gains tax exclusion or will o...