Sean Wilt
Motel/Sales Tax as line item or just bury in the daily rate?
Good evening,I am getting ready to list a new property on AirBnb/VRBO and I am wondering what the best way to handle Hotel/Motel and Sales Tax. Since this is Georgia, I have confirmed that AirBnb will NOT automatical...
Emeric Harney
NC state closing fees
Hi all!
Just got a great deal on a place in Raleigh, NC, cash buy. Just got a quote from the RE agents recommended law firm and I’m looking at nearly 3500 in closing costs, more than half of which go to the attorneys...
Jay Yoo
Capiral Gains basic questions
Hello Would the capital gains tax happen on the amount after the mortgage is paid off and subtracted the initial invested fund? For example, if a property was purchased for $100k and mortgage $70k and invested $10k pl...
Sangenya Machi
Reasonable CPA fees?
Hi all,Im currently holding a property under an LLC last November. I hired a CPA to do our taxes and bookkeeping. Recently, he sent me an invoice for all his services. It was about $550 for the tax returns, which is q...
Terry Portier
No LLC Corporate and Franchise TAX States
Check out these states competing for corporate business and registration:
https://www.myusacorporation.com/articles/delaware-vs-nevada-vs-wyoming.html
My state did away with franchise tax a while...
Account Closed
Closing Costs Pennsylvania?
Hello BPs! How much is the closing costs in general in PA? by county/area etc.
Jason Powers
Closing on a FHA Loan
I am buying my first home which is a duplex in Short Sell for 72,000 dollars I am putting down the 3.5% for the FHA requirments....I am going to live in one side and rent the other side which will almost cover the com...
Charlie Vess
CA escrow service
I am working with the neighbor to sell a Tax Deed (vacant lot) in CA. The neighbor has requested escrow. Chicago Title will process the Grant Deed and has given me a quote of $700 for escrow service. Is that the go...
Chloe F Holmes
Closing costs are steep
Hi all,my husband and I are in the process of settling a Short Sale purchase in Maryland. It's $99k purchase price with Seller's side covering legal and title transfer (provided we pay $3,500??).Our lender has come ba...
Kris Scott
LLC Formation in California
I've recently formed an LLC in California. I want to make sure I understand this tax payment thing properly.For Federal taxes, I know that there is a $800 minimum annual franchise tax in addition to LLC fees based on ...