I am an active developer of both residential and commercial properties overseas, and I am currently under contract to purchase my first property in the US. It is a multi tenant retail property anchored by a discount ...
I am certainly one of the bigger proponents of STR's, but I do think it is important to keep in mind that these are assets which require creativity, upkeep, costs, and a whole lot of TLC. With that said, I think it is...
Hello folks, without getting in the weeds, I was hoping a CPA or tax lawyer can help out.
I make about 360k on a 1099, 30k in net real estate income, and 86k on a W2 which has taxes withdrawn. I max out my SEP IRA,...
Hi,Does anyone know if Ohio's Commercial Activity Tax applies to rental income? Also, is there any other taxes that I should be aware of for OH properties held by out-of-state investors?Thanks,Chi
As entrepreneurs and investors, it is our job to pay as little in taxes as possible. However, maximizing deductions and paying little to nothing in taxes makes it look to lenders like we have low income! Has anyone co...
What is PMI? PMI, or private mortgage insurance, is a lender's protection in the event that you default on your primary mortgage leading to foreclosu...
As the title says, I’m trying to plan for the future and curious how this works. Ideally, if I’m invested in many different RE syndications that are using leverage (and doing cost segregation analyses), then my annual...
Hi all,
It's my first BP question, I hope that someone has some experience that can help.
I'm ready to buy a multi-family property that is currently rented, but most of the leases have something called Rent Lock inst...
I bought my first tax deed this morning at the courthouse auction. I’m going to refer to the owner of the property as ‘Mr. Larry’.Mr. Larry was delinquent on three different properties, and I purchased the deed to one...
I have rented my condo in august 2013 using property management service.
Tenant paid whole year in advance ( lump sum/single payment ) .
I have received sum of 9000$ from property management and that is aft...