David Soest
Will I have to pay a big tax after a sale?
I bought a house, owner finance for 40K last year.I've been living in the house and redoing it with my own money. I hope to sell it soon for 100K. I'll need to pay off the owner finance so I hope to walk out with 60K....
Mike W.
Income taxe planning on owner financed wholesale/flips
New to the board here but have been reading for years. I am a seasoned (25 year) real estate investor and broker. I have searched this forum for answers and discussions but have not found anything so here goes...For a...
John Burry
capital gain tax
The first question is what percentage of tax do I pay on a home that I flip within 1 yr?what percentage after the 1st year. I believe that the capital gain tax does not apply on a sale after 2 years at the primary...
Carly Christiansen
Pest Control- Hurting Bottom Line
Hi there,I have been seeing reoccurring costs for roach treatments at some of our properties lately. I invested out of state and am not familiar with roach problems because I do not live in an area with roaches. I a...
Jyoti Gupta
Strip Mall or NNN on 2 acres of vacant land in Fredericksburg, VA
My family owns about 2 acres of vacant land in Fredericksburg, Virginia. We would like to build some sort of commercial building on it. Right now we are trying to decide between a strip mall or some sort of NNN lease ...
Freeman Schultz
One year rent up front question
If a tenant passes all the requirements and is willing to pay a year up front are there any special tax considerations a landlord should be aware of? For example, if the lease starts on 2017 and ends in 2018, should t...
Kyle Kipka
Bedbugs- tenant brought them in, feels the landlord is financially liable for removal
I was recently notified by my tenants that they have bedbugs in their unit and they've obtained 3 bids from exterminators for removal. In all 3 cases it was the opinion of the professional that infestation was related...
Gerard Mangenot
Tax strategy question
I have an single member LLC newly formed in late 2017. I purchased a property in the LLC name to be flipped in 2017 that will sell in 2018. I have not elected to be treated as an S Corp at this time. Nearly all ren...
Harriet Baldwin
Pest control and COVID-19
We have a batch of properties that we took over with tenants late last year, and a number of those properties came with bugs and are on recurring treatment schedules with Orkin. At least here in Upstate NY, Orkin as ...
Alan Suen
Name of LLC or Address on Schedule E
I have multiple rental properties held in a single member LLC. Can I just put the name of the LLC on Schedule E and report consolidated financials or do I have to separate each property out with its own address and ow...