Thanks in advance to anyone who is reading this. This is my first post but I am excited about this community and I hope to learn a lot from it.
I started a Texas LLC in 2013 and I want to eventually buy multi...
Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.
Under the proposed...
We are looking at a couple deals where we will buy, fix, and sell a home to an investor who is a close friend of ours.
What is the cheapest way to transfer title to them?
One creative idea we had was that the propert...
I have 3 Single Family rentals in Philadelphia that I'd like to transfer into an LLC or Trust through a partnership with my brother who will become an equity partner through the LLC or Trust. Currently the mortgages ...
Hi everyone,I have a question specifically about claiming expenses (tax deductions) on "major" renovations/repairs for rental properties, specifically in Canada (but perhaps US has a similar system).As far as I'm awar...
I was just having a casual conversation with a couple of realtors an office manager and one of thier vendors and these guys think I'm a conspiracy theorist based on what we talk about here everyday.
I mean I'm sighti...
How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k...
Looking to purchase our first property, but unsure how to classify it. I am intrigued by the idea of only having to put 10% down for a "second home" and having more cash in hand for some upgrades etc, but are the tax...
Hi All,
My family has come across a dream property. It has been on the market for over 2+ years now. Property was originally listed at $1.5 mil, now down to $1.12. We are eagerly looking and searching all possibil...