I'm currently weening myself off that '401K scheme' I'd bought into. I'm also working in a corporate culture that is a case study in Dysfunction. I'd like to here from those attempting to escape the corporate world an...
I know this is a very basic question, but I've read quite bit about real estate investing and taxes at this point and haven't seen it clearly stated. Since the LLC is a passthrough entity, do the business expenses (pl...
When buying tax liens in the name of an LLC, do I have to fill Schedule C (profit and loss) for tax lien interest (1099INT) or can I show it on my personal return? I don't have any income in the LLC name otherwise.
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I see most people have an llc - is there a significant reason why?
Hello everyone!My name is Richard Bohl, I am currently 22, although I will be turning 23 on Monday. I currently reside in East Meadow on Long Island. I became interested in real estate after looking into apartments or...
Hey all. What parameters/characteristics do u review to determine whether a rental market is a good market? Where do u find this info? Ive recently been reading labor statistics and city data info. On same note, how ...
Howdy, If anyone has invested with funds from a self vested IRA and funds from outside an IRA - for instance, 50/50, how do you manage online purchases and split between the two?For example. A STR purchased property a...
We (Canadian and US partner) are buying rental property in US. We formed an LLC, but it will result in double taxes, since LLC, LLP, LLLP are not considered partnership in Canada.Is it ok to transfer the ownership of ...
I need help on how to do this. We own college town properties free and clear and managed by property management company out of state. It doesn't make sense to have mortgages individually on each property due to the si...
im new and learning the ropes. i see a lot of people rehabbing and prefer it. are they getting hit with capital gains taxes or is there a way to lesson the impact of them? in a 15% bracket do you just get use to ex: 2...