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I have a commercial property for sale that will likely net $70k in short term profits. I will do my best to close on the one year + one day mark but that is four months away. I would love any advice on reducing my t...
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Investment Info:
Townhouse fix & flip investment.
Purchase price: $265,000
Cash invested: $50,000
Estimated $25,000 of sweat equity to leverage my ROI and spring board myself into my next renovat...
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My wife's elderly grandmother, who owns her home outright, has decided to gift her home to my wife. If I'm not mistaken, she has even already mailed her the deed. Her grandmother will continue to live in the home inde...
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A couple of my friends are starting out to invest in RE. We couldn't decide whether to go in with our individual names or form a partner LLC. Can someone give us some guidelines which is a better way to go?
For mini...
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so the school district sent a complaint to the county saying my property should be valued at double the previous value. Obviously i'm not eager to increase my tax burden. Anyone here handle something like this in the ...
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A few years ago I hired a great CPA to help me with both my personal tax filing and to guide me for my rental taxes. But as I think about growing my real estate portfolio I am wondering if there are additional financi...
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How could an appraiser value a property 120k exact below what the assessed value on tax records tax it at? Please post as there is nothing significantly wrong with the property. two structures of 1550 square feet to...
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I'm shopping for a property in Germany to rent out. Mortgage rates are very low here, around 1.5%, so I have somewhat of a unique situation where there isn't much loan interest to deduct from my taxes and of course re...
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I have a NC LLC that holds title on residential land (in a great location) in NC that will be sold in the near future. I recently relocated to Florida where I plan to conduct RE activities in a LLC. Does anyone have e...
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For professional property managers: who gets a 1099 at the end of the year?
I know contractors need a 1099 if they got paid at least $600. Do you send your investors a 1099? How about tenants? Anybody else?