Adam Gagne
Sales Tax not Contractor's Bid, but requested at end of job
Hello,I've received a few bids from Contractors to rehab a property, and most do not include sales tax. How is sales tax usually handled with General Contractors?The reason I ask, is that I was about to choose one Co...
Jap Path
PA : Quit claim deed to single-member LLC incur transfer tax?
Hi BP Community ,I have purchased a property in PA as individual ownership. I am looking to transfer it to an LLC through quit claim deed. My bank is OK as long as the owner of the LLC and and property match 100%.does...
P. Kaye M.
1031 Exchange good in this situation?
I currently own two houses. First house is going to be on the market for sale next week. I bought it in 2005 for 273K and I am listing it for 600K. I rented it out for 4 years (2017-2021) and depreciated it during tha...
Bethany Tran
What state should we consider buying properties now at the budget around 350k-450k?
I live in Houston but I think it's not worth investing in Houston because property tax is so high and keep increasing every year. Additionally, renting market is very competitive. And, appreciation here is not so good...
Robert Zazac
Familiar with FHA Loans? Give this a look please!
Hello everyone, I am on the brink of my making my first investment, a "house hack" strategy of buying a multi-plex, living in one unit, and renting out the other. I plan to use an FHA loan to finance my first purchas...
Andrew Gomez
Questions about covering property taxes with depreciation
I own a trucking company (semi trucks) and a few of them i have personally guaranteed and appear in my credit report. My question is, in Texas my Taxes are usually net negative due to the ability for depreciation on t...
Spencer Dixon
Cost Segregation - After regular long term depreciation?
I have a single family rental property that has been rented for two years. I've done the normal long term depreciation of the property.My question: Can I do a cost segregation even though in previous years I've taken ...
Michael Badin
Partner Buyout with new LLC Multiple Transfer Taxes??
Hi all, I have a situation that I am trying to avoid. If anyone has ever run into it before or knows how to avoid it your knowledge would be greatly appreciated.So my father-in -law and his former business partner ha...
Justine M.
Foreign Investor (family) guidance
I've been reading all the input from people on a few different threads about foreign investors and still am kinda murky on the issue. Obviously I need to consult a CPA and Lawyer, but currently I am trying to minimi...
Richelle Bryan
Closing Costs on NYC Co-Op
Hello BP,What are all the expenses related to purchasing a co-op in New York City? I know there is a down payment of course, but about what percentage of price is closing costs? And are there other expenses such as a ...