Farid Moaveni
Do you have to pay taxes when refinancing a home after rehabbing?
Hello,Does anyone know if you must pay tax on the “income” earned after refinancing a home you recently rehabbed? If I invest total cost of 80k in a home, get it refinanced at 120k and get 70% of that to invest in ano...
Mark Beekman
Can Gain from Jointly Owned Property Be Designated to One Owner?
My wife and I are looking to purchase a SFH to rehab and flip. We want the gains from the sale to go to me for tax purposes. We originally had the idea of me buying the property and having the deed solely in my name, ...
Jeff Takle
Why are taxes so ridiculously difficult?
Just a very short rant here, but I can't help myself. Just finished my taxes and it came to 136 printed pages! That is absolutely NO exaggeration. That's a book. Uncle Sam is requiring his citizens to write a book f...
Sharad M.
Millionaires to Obama: Tax us
http://news.yahoo.com/s/yblog_theticket/20101119/ts_yblog_theticket/millionaires-to-obama-tax-us
http://news.yahoo.com/s/yblog_theticket/20101122/pl_yblog_theticket/warren-buffett-agrees-tax-the-rich
I hope I am not...
Lor Fara
Entity structure for out of state LTRs
I live and work in CA, but looking to invest in OH and IN. I have two LLCs set up, one in WY one in CA, both under a WY holding LLC. Can I buy rental properties in OH and IN with my WY LLC? In which states would I...
Adam Sporinsky
Where do you keep your investment and reserve money?
When the investors here have cash saved up for down payment money on a new investment property, do you store that money in a standard bank account, in the market, in some other liquid investment? Some combination of ...
Robert Bolejszo
NJ: Opening a Property Mgmt Company to manage my own Properties
I currently have two properties (and plan to grow) and my attorney advised against me opening and moving my properties under a LLC, as I financed the properties under my name and I'm told mortgage lenders frown upon t...
Rebecca B.
Double My Salary Through 1099 or Keep W2 for Easy RE Financing
Hi everyone,I'm posting here because I always get such amazing feedback, so here goes... I work in tech, earn low six figures and we're slowing paying down debt and planning purchase a small MF next year. The plan is ...
Account Closed
Real Estate Rental Income as written by Kislay Shah CPA
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Vincent Buggs
401K or home equity for multi-unit down payment
I am looking to invest in a duplex or triplex. Which is a wiser decision: Pull money from my retirement account or use the equity from my principle residence?