Andre Minott
Incorporating to receive checks vs Incorporating the property
I have two properties, one in Maryland and one in NY. Both are section 8 tenets, and I want to form an LLC just so they can pay rent to the LLC.
Here is my question: for tax purposes, does that matter? Do I need ...
Account Closed
Can an estate be used like an LLC?
Can a deceased person's estate be used as an LLC by the executor to purchase other properties and conduct business?
Tyler Facchini
Loan Structuring
I have been looking for a way to help Canadian investors (Ontario) invest in my market (Missouri) without the hassles of owning us property. Ie taxes, property management, asset protection ect.
My solution was to cre...
Jason Reynolds
Where do you look for deals?
Are there any websites you frequent when looking for real estate deals? Do you use Trulia or Zillow or are all the good real estate gone by the time it gets on these websites.? Do you have a friend who works as a Real...
Jakoby Moore
We've made $83,000 wholesaling, what do I do with it?
Hello Experienced Investors,I am in need of some advice. My business partner and I have wholesaled 6 contracts so far this year and it has earned us $83,000. We have about $30,000 left. We pay ourselves 15% of the spr...
Jim Cellini
Property Tax Increase Despite Property Value Decrease
Hey just wondering if anyone had any thoughts or similar experiences:
I own a duplex in Logan Square purchased for $609,000 in August 2019. As of May 2021 it was valued at $650,000 according to zillow. My property ta...
Thomas O'Donnell
When to Meet With a CPA?
What's up my fellow members! I have a couple quick questions. I bought my first duplex in the beginning of October this year, and I was wondering when the best time would be for me to meet with a CPA? Should I be doin...
Mike Ganske
IL Tax Deed - Is a house title uninsurable for a time period?
Does anyone know where I can find info on how IL tax deeds work?
I purchased my first BRRRR. I'm about to close on my second and was using the first as extra collateral to get better terms from my hard money lender...
Lamar Dixon
Apraisal value on flips
I am am involved in the finance of my first flip. I recently was approved for a HELOC my appraisal was only 3k shy of county tax value. I'm good with that. The house I'm trying to buy, with a bank loan, appraisal came...
Jeffery P.
Legal Tax advice needed ASAP!
Hello BP family, I am writing this post on behalf of my mother, in hopes of locating a CPA here in palm beach county area that may be able to help her. In summary she has been running a STR using her primary home wit...