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I purchased an investment property and lived in it whilst renovating. I am told upon selling I will have to pay around 25% cap gains tax(in north carolina). The only way I am aware of to avoid this is to live in th...
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Question for 1031 Exchange owned by LLC in North Carolina...
Individual owns Property A in "Property A LLC". He also owns Property B in "Property B LLC". He sells Property A for 70k profit. Can he buy Property B with...
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What thread title would have been, if there was room: Following Fannie Mae, Freddie Mac is going to offer subsidized financing to large non-human institutions. They will not be capped at Freddie's cap of 6, or Fannie'...
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I was talking the other day to a friend of mine who still works where I used to. He hates how he's treated by management, but he loves how he's paid. I felt the same way, I left because of the treatment. I asked him...
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Hello fellow investors! I live in Toronto and I am investing In Cleveland in the past few years . flipping houses, that are mainly sold as turnkey. I did about 8 flips so for. so not a ton of experience but not a n...
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So I just purchased a house in Louisiana. my PM is offering me to rent out my house with a 5 year contract to a sober living home he manages. Rent numbers look great. Specially a 5 year contract.
I no absolutely no...
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I've currently got a 401k with my full time employer (also part time RE agent). About 2 years ago I decided to change my allocations to Roth 401k. However, 8 years of automatic enrollment had me in the pre-tax plan an...
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I'm curious if anyone here has set up their own trusts (living trusts) without the help of attorneys. There's so much information out there and some sites claim you can do it yourself. There's youtube videos on how to...
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I will be turning over my rental property next summer. I plan on replacing the carpet, doing some painting , adding A/C and also considered upgrading the kitchen. The counter tops are Formica and the color is out date...
My property manager charged me $135 to spray for cockroaches at my rental so I was wondering if that is my responsibility or the tenant?