Deonte Hill
Condo BRRR - Worth the effort?
Hello all,
I am a new investor thinking of purchasing a condo as it's the most my cash on hand can purchase. In your experience, has condos gained much equity after updating the kitchen and bathroom? This won't be a ...
Matt Walden
S-Corp Conversion to LLC Help
When I first started out about 15 years ago my business partner put two properties into an S Corp. The two properties are owned outright no debt. My question is how can I convert this into an LLC? I realize now it ne...
Rebecca Raskind
Successful Palm-Springs inspired flip in Ladera Heights
Investment Info:
Single-family residence fix & flip investment in Los Angeles.
Purchase price: $1,040,000
Cash invested: $350,000
Sale price: $1,940,000
Contributors:
Samira Mahjoub...
Jerry Chen
1031 Exchange to a lesser value property
Hi, I have some questions on 1031 exchanges that I need to know before I make my next investment decision and I'm hoping somebody can help me with. Here's my situation:I have two investment properties: A condo which ...
Micaiah Cormier
Is there a separate state and federal capital gains tax in VT?
I'm looking at a promising flip in Vermont, but I read that the state of VT charges a cap gains tax. Is this in addition to the federal cap gains and if so what is the rate? Wow, feeling like everyone will make money ...
Amanda Preston
Subdivided land- tax
Hi all!
Purchased 20 acres of bare land in 2021. Subdivided it into 2- 10 ac parcels. Sold first parcel over a year later in 2022. Sold other parcel in 2023. Did minimal work on them, added driveways to each and that...
Jered Sturm
Tricky Tax question on sale of primary residence.
So I will begin by saying I have already spoke with my CPA regarding this. I am here for second opinions from other wise investors and CPAs. I purchased a home 9 months ago to live in with my wife. Shortly after I bou...
DongHui Patel
Best Vehicle to invest in a syndicate syndication K-1
I am evaluating the best methods to invest in syndications, wondering if there are any tips / pointers.A single member LLC, a Solo 401k (tax advantages) or any other type of investment entity and pros/cons?
Franklin Marte
What is the best way to gain equity in a multi-family/Building?
I was told you can gain equity by renovating or by reducing the loan payments. Which is the best way or quickest way possible to go about it?
CB Sanders
Sheriff Sales DO work, sometimes!
Investment Info:
Single-family residence fix & flip investment in Freehold Township.
Purchase price: $72,000
Cash invested: $26,000
Sale price: $130,000
Worried about my first purchase at she...