Hello! Newbie here. Looking into my first house and had a question about that taxes in NJ. Someone said something about Capital Gaines Tax in NJ? Anyone have an idea of what that percentage looks like?
How should I go about getting funding on a owner occ 4 plex made of shipping containers that will gross between $3600 - $4800 in rental income? I am looking to do this on a 2.5- 3 acre lot. Main house will be 2800 sq ...
I am searching for recommendations for an outstanding tax person that is savvy in solo 401k, national and international real estate taxes as well as Foreign Earned Income and that exclusion.The perfect person would be...
I am in need of some help. I am planning to sell 4 rentals for a pretty significant capital gain. I've managed to keep AGI just low enough to get all stimulus checks, but I am not sure if capital gains will be factore...
So this is the first year that I have not had a traditional job and w2 income to show at tax time as well we own 4 rental properties (one in which we live in one side of a duplex). We also did a short term rental on A...
Hi,My wife and I run an online retail business with extremely high "earned income". We want to start investing in real estate to offset that income by one of us becoming a "real estate professional". We don't spend mo...
I have found a private money lender and she is asking me what her tax obligations will be on her profits. This will be her first time lending and my first time using private money. Any advice would be appreciated. Tha...
If I'm reading the various threads correctly, in the CARES act, landlords who have other primary work like a full time day job, and they are limited to treating real estate as passive income/loss aren't getting any be...
Hi there,
I own an LLC that exchanged a substantial portion of its IP for stocks in another company about 3 years ago.
Recently my LLC sold some of those stocks in a private transaction to a institution...
For the past couple years, I have been financially positioning myself to get into real estate (ex. paying off student loans, increasing my earned income, lowering living expenses, etc.) and am now at a point where I n...