Hey guys,
I'm sitting here pouring over my tax documents getting ready to drive them up to my CPA, and although I'm sure he will file them correctly, I was hoping to gain a better understanding of them before I file...
Any one care to share what you might know about whether a City imposed Rental Permit Fee of $94.00 is deductible and if so, what category?
It's basically a self inspection sheet verifying the basics like smoke detect...
I formed an LLC in Texas for my 6 rental properties last year. A letter from the Texas Comptroller of Public Accounts says my company’s first franchise tax report is due in May. What is this and do I need to file it f...
I was wondering if you had any input as to the closing costs that you typically conduct deals with and charge buyers and sellers.Is it different based on the state that you operate in?
So I've obtained my first listing of OTC tax liens for sale (came in a giant excel spreadsheet, which I paid for.) Some columns within the spreadsheet I'm seeking clarity on:
Current Secondary FCV - What exactly is ...
Hi all,I'm looking to house hack my first property in Philadelphia. What are some of the main differences with landlording in Philly vs outside of Philly in PA? I know transfer taxes are higher and there may be some s...
I use MyLodgeTax (Avalara) to assist in my collection and remitting of state taxes for my Cabins in Gatlinburg and Sevierville. I'm not sure I am collecting the correct amount from Airbnb. According to Avalara, Airb...
I am looking at purchasing a condo in Myrtle Beach, SC. Purchase price is around $110,000; rental income is $26,000/year. When I plug my numbers into my calculator, I am coming up with a cash flow of roughly $800/mo...
I live in CA and am about to purchase my first OOS investment property, targeting Cleveland OH. I am looking at an LLC vs SP, with the LLC registered in OH. I know CA has an $800/year fee for any LLC “doing busines...
Hi guys,I'm closing on my first property this Friday and just received the closing costs form. Purchase price $17500 in cash- $105 Title search- $100 city engineer fee- $500 attorney fee- $125 agreement papers- $75...