IRS peeking into your income, Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!!
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...
I've created an LLC in Broome County, New York. It's time to decide whether to leave it as pass-through taxable or choose to have it taxed as an S-Corp. My plan is to use the entity to hold my buy & hold propert...
Here's the story. We've had this cleaning person and this property for just about a year. She's done some shady things in the past. 1. I've caught her lying to me (told me a cabin was completely filthy and never let t...
I'm about to buy a property that is a short sale. My question is that I'm still debating whether or not to buy and hold or to flip the home. I already have the math figured out on both ideas, but my question is...
I am leasing some bedrooms one at a time in my little apartment complex (college kids). Got one person who can not live under the same roof as a dog and she has a real doctor's letter from a local MD. I also had this ...
Hopefully I post this in the right spot, but I have a couple of questions. Basically the story is I have a friend who is having issues with the renters in her house in Georgia and I was wondering what rights she has w...
All, I've been poring over the numbers for a park just north of Rochester, MN and would like some other perspectives. The park is Oronoco Estates, and I'm guessing a few of you have looked this one over already. I l...
I understand that when we finally make our first deal, that property will be in its own LLC. But regarding the ownership of that LLC, my questions are:1) Do we need to go ahead and form a Corp now before we have any p...
I'm anticipating getting a review saying "This cabin has bed bugs." Guest sent a picture of his friend who woke up with some kind of bite on her shoulder (not consistent with bed bugs on google images). And then the...