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Success stories for this week:
#1 Found a duplex lot for a good price late last year. Got permits, developed the lot and built the duplex. Just had buyer go under contract to purchase. Will close by end of March and ...
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I am new. I have been working with the Property Analysis Worksheet and have a question about depreciation. Depreciation is the amount we can claim as a loss each year against our profit. If the property real...
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Hello,
I am in contract to buy a property in Pittsburg PA ( zip code - PITTSBURGH, PA, 15205 ). Interested to talk to locals who can help me with insights into the area and also possibly drive by the property f...
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Hello, I'm looking at hiring my in laws for my LLC rental property business. Question is, how can I take the step and how do I do that? Also, do I really get tax benefits for hiring my family member. Can I do write of...
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I am trying to figure out the best option for dealing with profits and Uncle Sam! I contacted a CPA and he is $210/hour- egads!! Hoping all of the experts on here can help.
When it comes time to divide the profits, i...
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Hello BP. I found this deal that seems promising and I wanted to run it by someone to see if I am missing anything. Note: The numbers listed are provided by the seller and haven't been verified yet. Some numbers are e...
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Hello All!I need some advice for buying property for myself (resident occupied).I am in the process of looking at condo's and I want to know what is more important to look at the price or the tax rates?I know that the...
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I just finished graduate school and am looking for a rental property to invest in long-term and sell the property after it has appreciated ~20% in 10-15 years.My budget is around 250-300K and I'm looking for propertie...
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Hi, I have the opportunity to purchase a duplex in the Canton area in Baltimore area and I was wondering if people could help me narrow done some assumptions. Here are the detailsLocated right next to Patterson Park.2...
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Hi everyone,
I own a development company that primarily flips houses in MA amongst various other GC and design work. When we started a year ago and a half ago, we were told to structure our business as an LLC and ele...