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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...