Armando Carrera
Will I need to pay capital gains?
Hi everyone,Wife and I purchased a vacant lot with the plans to build. We decided to go a different route. we purchased in may of 2022 for $80k. We invested another $20k for improvements, draftsman fees, permits etc. ...
Charles Worth
Investing Out Of State Through an LLC While Living in NYC
For those that live in New York (NYC) and invest out of state through an LLC, do you know if there are any additional costs to have an out of state LLC while still living in NYC?I know CA for example has a high extra ...
Christi Gonzalez-Dickinson
TOT charge on Airbnb
Airbnb does not let you add a charge for tax, what are your suggestions on incorporating this into listing and pricing?
Mathew Deines
Californian wants to buy Ohio property - Entity help?
I want to buy rental units in Ohio and I currently live in San Diego, CA. If I am keeping my 9-5 job and only collecting passive income, do I need to register/create a LLC in California and Ohio or just Ohio? My long ...
Samuel R. Harden
Worst State to LLC
I thought California had to be the worst state to LLC in ($800 annual Fee and a small amount of tax), but Tennessee seems to be even worse ($300-3,000 annual Fee, a small franchise tax, and a big 6.5% excise tax). Any...
Brandon Elliott-Pandey
How to get money out of your 1031 exchange! LEGALLY :-P
I had a thought the other day and after asking around from a handful of agents, seems like this is possible. I am a REALTOR and have property that I am interested in 1031'ing. If I pay a buyers agent fee and sellers a...
Justin Vincent
Condo pro-forma
I'm looking at acquiring a condo for the convenience of having a place close to work that I can rent out in the short term future (3-5 years.) I have a back of the envelope pro-forma analysis in excel that I use when ...
Khloe Renee Williams
Tax Sale Property...Do I really need to hire an Attorney?
I purchased my first tax sale certificate and would like to know if it’s 100% necessary to use an attorney to foreclose on the property? I’ve done my research and honestly feel I can handle the process on my own. What...
Andrew Gudmunson
A brief overview on taxes
I just put an offer in on my first rental property! I’ve been back and forth a little bit with the sellers and it seems like we settled on terms that work for both of us! I’m super excited but I have a lack of knowled...
Daniel Levine
Help looking at multi family deal
Hi all, I am struggling with the analysis on this one. I am looking at purchasing 3 multi families from the same owner. The only way the deal will work is if I purchase all 3. My biggest concern is that two of the pro...