I am just curious. I am listing one of my properties for sale. Next week my 2nd installment of property taxes are due. Is there potential for a lien or some other penalties that I may face if I sell after my property ...
Hi all, need a bit of guidance on this one. Based in Australia, Texas-specific tax laws are a bit of a mystery to me. I just got a notice for a very-overdue "Texas Franchise Tax". I started my Texas LLC late last year...
So I have been in talks with someone to get private money. I have gone through purchasing the PPI and giving up 10% of the purchase price as security, as per the contract. Now the lender is telling me that there is ...
Hi, I have a holding company in Wyoming, that own real estate in CA and TX. The Holding Company has subsidiaries LLCs that manage/operate the properties in those states. I reside in California. Do I have to pay $800 x...
I think I am starting to figure this out due to all the great help here on BP and some great books on SDIRAs too, but just want to make sure as we are some serious talks with a motivated seller about our next purchase...
Hello, my question is in regards to Texas Franchise Tax:
I formed my LLC in 2023, as a Series LLS (4 properties), Is all rent received from the 4 rentals added together and submitted as one business income or is it ...
I have a property that I turned into a rental 4 years ago. This property has increased in value $90,000 from the original selling price. What are the tax implications if I decide to sell the property without reinvesti...
Please excuse me if this is a dumb question. But how do you know what to take out every month from the bank account once the rent checks are deposited? Let’s say hypothetically the P/I is $8000, the property tax is $3...
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...
Hello BP members,My parents live in a mobile home in San Jose, CA. It is owned free and clear under my sister's name; however, she would like to transfer the title to me. There is no exchange in money involved as we ...