Thomas Richter
Location for LLC
Does anyone have a LLC (for rentals) in Los Angeles City? I assume you are required to pay City Business Tax? My rentals are not in Los Angeles and I'm wondering if it makes sense to locate LLC outside of L.A. Thoughts?
Hersh M.
Is Zillow tax estimate any good?
I was trying to analyze a property in Fort Worth, Texas.I looked up the taxes on Zillow as well as on the county assessor site. The 2 are very different for 2012. One is about $2000 and the other is about $3000.For 20...
Akash Y.
Can I do a 1031 exchange as a foreign investor?
Hey everyone . Quick question, I'm Canadian and recently sold property in AZ. I'm now buying a more expensive property in California. I'm wondering if I can do a 1031 exchange or is this only for residents? Thank you
Jeremy Kuchenbecker
Property Taxes Doubled After Purchase
I purchased a duplex about a year ago. I just got a letter from my lender stating my property taxes were going up, almost double to what they were previously. Is that normal? Is that even legal? Still a great income p...
Nicholas Creahan
Can I 1031?
Hey all, I am not looking for legal advice, but just general information. I own a condo in San Diego with about 300k of equity in it. I bought this as a primary residence years and years ago, before I met my now wife....
Kyle Boeckel
Selecting Tenants - Fourplex
Hi All!
I was looking to see if anyone can provide me with insight or a clear answer to my question.
Background - I have purchased a fourplex and a few of the leases are coming to an end. I am using a PM to manage ...
Cody Neyman
Do i have to pay taxed?
Ok I sold a house I have been living in for 4 years in PA. Do i have to pay any taxes on the profit from the sale? I have read that after 2 years you do not. I am going to be entering into a land contract for a rent t...
Sam Y.
eligibility requirement- change rental to owner occupy to sell
I have a condo that I want to sell. Owned more than 5 years, never owner occupied. I want to claim the condo as my primary residence and keep current residence as a second/vacation home.
Reading publication 523- ...
Jo W.
House hacking - can i "discriminate"?
Hi all,
If i'm house hacking (Side by side duplex, i will be living in one side and the tenant will be living on the other side) can i "discriminate" aka choose someone i like better because i have more things in com...
Asim Purses
Any update on Chicago ADU expansion? Exceptions to curent areas?
The latest I saw was this article:https://therealdeal.com/chicago/2023/06/09/top-chicago-offic...And that there's an openness to expand the pilot areas to beyond what's been marked. Has anyone heard any updates?Also -...