Maxwell Ventura
State Level Tax Question San Diego & Hawaii
Asking for a friend who's primary residence is here in San Diego and owns a 2nd home / vacation property in HawaiiHis tenant in Hawaii wants to buy their house from them — He has cash and is offering $390,000. They bo...
Rosalie Taran
Income Tax extension/ Solo401k/ capital gains over 121 exclusion
Hi BP community, My husband and I will be selling our California home early next year and are expecting to have capital gains above and beyond the 121 Exclusion of $500K.1. I have a home business and just opened a Sol...
Jerry Poon
Resident of CA with IN LLC. What out-of-state LLC fees do I owe?
I have an LLC in Indiana for my investment properties. It was set up in the last quarter of 2015. The physical address is in Indiana, but the mailing address is in my local area. Can someone with experience and/or kno...
Jason Hatcher
Establishing Florida residency
Hey everyone! Hoping for some insight on a complicated issue. My fiance and I have been travel nurses for the last 3.5 years. We lived, went to school and maintain our residency in the state of Kentucky. We have wo...
David Smith
States with no income tax
Like Texas, Florida You get bigger returns when analyzing two deals with same cap rate with one in FL the other in NY? Right?
Kendra Mattson
California Rental Desposit for Utilities
Since utility bills come out the month after the tenant uses the service, I get utility bills for a tenant after they've already left. I normally end up telling the tenant before they leave that I'll hold the deposit ...
Orian Rama
What happens to the Liens on a defaulted property listed on a TAX
Hello,I was wondering if someone had some insights on what happens if someone wins a property Tax auction bid on a defaulted property.I saw a property listed for tax Auction and with some more due diligence I happen t...
Jason Conroy
(CA) Does purchaser of an REO property owe the existing tenant the security deposit?
I know on a regular purchase, the new owner assumes the responsibility for the security deposit but I heard on an REO that the purchaser has no obligation to pay the tenant back. This seems unfair to the tenant so I ...
Mary Jay
How to calculate state taxes on a rental in California
Hi Guys,
If we received 36 k as a rent on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from...
Eric Phillips
Avoid capital gains/reinvest?
Greetings folks,I may be taking a job in the Spokane area which means my California home will be sold. I owe $220k and Im very sure that I could sell it for close to $600k. Im trying to figure out a way to avoid cap...