Adrian Brown
Single Member LLC with both spouses
I understand that me and my wife can both be on our Texas LLC, and we can still file as a Single Member LLC so that we have a disregarded entity from a tax perspective, but we still have the liability protection. In f...
Jack B.
Will I owe capital gains tax on this sale?
I have lived in my single family house for a little over 2 years. I rented the apartment above the garage out for 1 year. I was thinking of 1031 exchanging 20% of the proceeds from the sale (20% because that is how mu...
Steven J.
Roaches! Who should get the bill?
I'm managing a 24 unit building in the rougher part of town (its Fargo, ND so its not that bad). I had a tenant call to report he saw a few roaches and sure enough he's got them. Even was kind enough to catch one so w...
Peter Morgan
Does occasional centipede requires calling an exterminator?
I have a new tenant who moved in only last week and I have been finding them extremely finicky over little things. The tenant has access to backyard (not in lease but offered as a freebie) it's in decent shape with ...
Beverly Caswell
tax on sale of home
My kids have lived in their house for a year and are now looking to sell. I thought if they put the profit of their current home rolled over into their next, more expensive home, they wouldn't have to pay taxes. ...
Justin Skinner
Trying to understand tax situation, would love perspective
Hello!I am relocating to another state for a new job and am trying to decide if I want to sell my home and re-invest in something up here. Some final facts I need to make a decision are the tax implications, any help...
Alejandra Tena
Accounting questions for my First Buy & Hold property!
I just purchased my first buy and hold property. I want to know the best way to run my books for this property. If this property is considered my primary home but could potentially be a rental. Should The profit and a...
Max Labo
Separate Bank Accounts for Rentals
I recently purchased first rental property. In the future I plan to transfer into a business, but for now the property is under personal. I wanted to open a bank account strictly for tracking my rental. Any suggestion...
Amy Larsen
First Property Purchase
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $143,500
Cash invested: $7,175
My first house purchase. House hacked by renting out a bedroom to my friend.
...
Sara Batool
Tax on Primary Residence sale within an year
Hello. This is my first post here. Thank you to everyone who makees this forum such an incredible resource. I've been able to find somewhat of an answer to my query below but hoping someone can confirm my conclusion.M...