Liz C.
Does make any difference as investor where you live? Tax purpose
Hi all,
I have choice of move to Las Vegas or New York or California.
I own two LLC , for tax purposes which is the best state to live? I know califronia will charge a lot fee for owning LLC.
Why about Las Vegas or...
Shane H.
Re-purposing a small office building -- Creating a Co-Working space
I've searched a bit and have not come across a post that quite fits an investment opportunity I have been looking into.At the bottom I put a cliffs notes version of the building/surrounding area (probably could have s...
Ninu Arun
Primary residence to rental : what date is used for tax purpose
HiI moved out of our primary residence on May 30.
Interior painting and carpet repair was done on May 31, June 1st - costing $2000
It was advertised as rental on June 2nd.
Lease with tenant started on July 1st.
Wh...
Chris Connery
Question for agents-What Broker would be best for my purposes?
Hi all,So I am a Nj multi family and commercial investor that wants to start getting/keeping some money out of these deals. My plan is to get my license and join a brokerage specifically just to utilize on my own deal...
Wei Jie Yang
Start an LLC for the sole purpose of getting a HML?
Does it make sense to start an LLC in a state you have no property in for the sole purpose of getting a HML for properties in that state to either fix and flip or attempt a BRRRR at? I currently have properties in a f...
Kip Cline
Should I be a real estate professional status for tax purposes?
What are the downsides of electing to be treated as a real estate professional for taxes? Would this make my real estate rental income become active income instead of passive? Is this taxed differently? I do not have ...
Alex OConnor
Do I Qualify as a "Real Estate Professional"? for Tax Purposes?
I am considering purchasing my first rental property. I make over $150k so I'm out from the AGI perspective. However, my full time job is doing acquisitions for a real estate investment firm so I certainly spend well ...
Scott Armantrout
Investor born out of necessity now looking to invest with purpose
I've held rental property since 2008, but that was more out of necessity than it was a deliberate investment move. I have a property in Martinez, GA and a property in Saint Robert, MO. I lived in both properties bef...
Zuri Nelson
Do I need to change my business name for funding purposes?
Peace, I set up my LLC and it has the words "Real Estate" and "Investments" in it. I was told I shouldn't have put those words in the name for funding purposes. I already got a EIN, logo, business card design, a virtu...
Sergio P Ramos
Would you purposely burn down a property? Crazy? Or not possible?
I am currently in a back and forth bidding situation. I wouldn't call it a bidding war. Yet! The property in question is roughly 2.5 acres. It checks all my boxes for potential. EXCEPT!... There is a home dead smack ...