We established an
LLC at the beginning of this year, with just two members – my spouse and
myself. We reside in a community property state and file our taxes jointly as a
married couple.
Throughout this
year, we...
**Looking for advice/guidance before going to my CPA/Attorney and I know that’s not you.**I own two SFRs in my name. One is in MD and the other in FL where I’m a resident. I want to establish a LLC for asset protectio...
How long do I have to own a property before I sell it and the proceeds are subject to capital gains taxes vs. ordinary income? I believe it's one year.. but is that a calendar year (i.e. 1/1 - 12/31) or just 365 days?...
Hello, I'm looking to discuss with others who have owned investment property where parents (or close family members) were their tenants. Seeking others experience, advice around this and lessons learned (e.g. leas...
Selling an investment property can feel like a double-edged sword. While it's exciting to cash in on a successful investment, the looming capital gains taxes can significantly cut into your profits. For savvy investor...
Hoping someone has some advice:I have an opportunity to buy a block of real estate (50+ units, 30+ properties) I have a partner that compliments my weaknesses and will provide organization, technology, and a managemen...
We just bought our first cash-flow investment property out of state. We live in CA. We are interested in setting up an LLC, but have heard conflicting information as to where it should be.
We have been advised to se...
Which company do you use for self directed IRA? I found there are quite a variety of them. From charging a flare fee then transaction fees for every check, wire transfer, annual tax reporting etc. Thanks for your advi...
Before you start to analyze property there is one “Rule” you should know about. Only after your real estate investment is under contract, should you prepare a comprehensive analysis that calsstatecompanies discuses in...
Hello all, will be continued full time W2 employee but also starting new LLC single member. Next hour or so will register EIN with IRS, best selection I have found during discovery is to establish it as either 8832 or...