Varinder Kumar
help me calculate this capital gains
Looking to sell my current property for $710,000 balance remaining is $580,000. Purchased October 2021, so it has not been 2 years yet. How much percentage capital gains tax will i pay?Is the capital gains tax calcula...
Adam M.
Hello from KC/Lawrence
Been on here for a while but never dropped an introductory post. I'm Adam I live in Lawrence home of the best basketball school in the nation. BS in Finance and currently working on a BS in Computer Engineering.My goa...
Ephraim Lett
Purchasing US real estate as a Foreign National
Good day everyone. I am new to the industry of real estate and I have been reading and educating myself on some steps and procedures of purchasing real estate in America; particularly Florida. Being a foreign national...
Andrew Klein
Bookkeeping as a downpayment accrual/ learning method
I am in the middle of an introductory class to bookkeeping and highly considering taking the full class to become a professional bookkeeper. Do many real estate users use them? Would anyone be willing to teach me how ...
Cameron Riley
Class C property investors: What CRITERIA do you follow?
- Only Post if you own more than 2 Class “ C “ rental properties - For the tenants that apply without section 8 voucher, how do you process their applications? - I often find them asking, what’s the process and I hate...
Shahad Choudhury
Deduct partnership expenses without property in an LLC
Hello!I started a business in late 2018 with a partner with the plan to do rental real estate. We didn't have the LLC formed quick enough, so bought a Single family home in our own names and started rehabbing it. Thr...
Kris Mead
Down payment seasoning/co-mingling
Hello everyone!In order to maximize our Fannie/Freddie loans, my wife and I take turns putting properties in our name. My question involves saving for down payments. Currently all of our accounts are joint, but we s...
Lena Truong
How does Debt to Income affect how many properties you can have?
Hi All!Do most lenders take your investment properties into account when calculating debt to income ratios? We're basically maxed out on our debt to income ratio now because:1) We have our primary home2) We have two ...
Jack Nguyen
Create 3 LLCs, do I need 3 bank accounts or I can do 1 for all?
If I created 3 LLCs, do I have to create 1bank account for each LLC?Or can I create 1bank account for all 3 LLCs? Any other suggestions about LLC would be great appreciated Thanks in advance
Shawn Long
Can capital gains tax be avoided through an LLC & depreciation?
Can you avoid or defer most of the taxes if you have an investment property inside of an LLC by using depreciation or maybe even in conjunction with a self directed or rollover IRA? If so what are the proper steps and...