Hi All, I am new to multi-family investing, is it advisable to do the first deal on a LIHTC (Low Income Housing Tax Credits) apartment complex? What are the pros and cons? Do we need to pay fewer property taxes if we...
If I want to write off books (education), gas on trips out to potential investment properties, attorney consultations, etc., should I have an LLC already in place, or can I write them off later once I obtain an LLC?Ba...
Has anyone gone through the process of applying for the tax credits associated with renovating in a historic district? Question I have: 1) How difficult was it to renovate to the historic architectural standards?2) Di...
I just got into real estate in January and I’m not sure of which route I want to go with my first two deals, so I’d like to know what y’all recommend. Here’s where I’m at.....
Deal #1- I’ve got a lease option (as buy...
Hi everyone, I discovered Bigger Pockets about 6 months ago, and I've been lurking and learning ever since. I had a failed attempt at what I now know to be house hacking back at the beginning of 2016 with a duplex in ...
It's that time of year! I am receiving all my property tax assessments and they are going up a lot! I am getting a double whammy as most of my properties were purchased last year and I am now losing the existing hom...
I have a Traditional IRA that includes some contributions during years when the contribution wasn't tax-deductible because I or my wife had 401k accounts.Last year I did a rollover of the entire Traditional IRA into m...
Hi, I just bought a property in November last year and on my tax appraisal, the property is shown way high. Here are some stats:Purchase price $225kAppraised value as of 2018 was $234kAppraised value as in 2019 is $27...
I just got the 2019 assessment for a tri-plex that I bought in SA last year. Last years assessment was 93k and they want to jack it up to 116k for this year. The purchase price that I payed last May was 104k, but when...
I'm building my real estate investing team and recently enlisted the help of a real estate attorney to create a trust and start an llc. I was surprised when the quote to create the LLC was around $1050 (including fil...