I bought a building with a partner several years ago. But the building and loan were both under my name. My partner was not any official record. Recently we sold the building. Yes, there is some gain. I'm just won...
I researched some county records and discovered that the county's tax office is up for auction. Due to delinquent taxes two parcels that are the county offices are up for auction in Dec. They assess for 5k and 6k. ...
For the past few years I have been lending my money on SFR fix and flips and getting a 12% cash on cash return. Recently I've been looking at the tax benefits, potential appreciation, and CAP rates on a multi family o...
Hello, my name is Rayjunior nunez. Currently, I’m building up my savings as well as my work 401k. I’m probably one to two years away from Real Estate investing but I’m interested on working with a tax accountant from ...
The tax records of my rental condo shows 0 for assessed land value and the assessed building value as the total assessed value. So far I was convinced that even a condo has some land value based on the shared common g...
So I’ve been looking into how LLCs get taxed. I also learned how corporations get taxed recently. I was wondering if any of you rolled your LLC into a Corp to reduce the taxes you pay? I’m curious how this would fit i...
I need advice on how to wrap up this deal. I located a mix use property in Queens NY, 2 one bedroom apartments on the top floor, store space on main level. The main floor was being used as a women's sorority. This pro...
Hello BP Nation,I would like your thoughts on this please.I took a look at a 10 unit for the first time. It's a brick building built around 1920. It has been rehabbed some time ago has sheet rocked walls, breakers, ca...
I've just come under contract for a 12-unit apartment in Spokane, WA that was built in the 70's and remodeled in 2014. Purchase price was $720,000, and I intend to hold on to the property for >5 years. It is not pa...
I am doing my first build as owner builder and getting confused with that’s the best way to manage construction/sub-contractors like GC/builder.
I have registered an LLC and incorporated business with contractor lic...