I want to buy this house but I don't know how to do it with the complications that are involved, or if they outweigh the benefits. Any advice is appreciated!BACKGROUND:I live in the East Bay (Oakland - Grand Lake) ar...
So I just created an LLC (I can't believe how quick/easy it was). I have am the sole partner and registered as a disregarded entity.
I created the LLC in Nov of this year (2011). I will have no income, debt, fundin...
I closed my LLC last year do to the annoying $1800 a year I was paying California. But I still would like to avoid the 3 1/2 California tax fee if you sell a property within a year.Would it make sense to just open a L...
Hey, I'm thinking about getting a RE license but I found that on top of the income tax, you also have to pay for the self-employment tax which is unfortunate. I know there are a few ways to avoid some of these taxes l...
Hello All,I'm currently looking for a multi-family property in the Columbus OH area. One thing that concerns me is the step up in property taxes being above 2%. This really hurts CoC returns, and wanted to see if ther...
I’m in the process of starting my first direct mail marketing campaign and I’m trying to avoid the popular sought-after leads such as absentee owned and pre-forclosure so I figured I’d look into tax delinquent owners ...
I'm looking for some expert tax advice on this situation and willing to pay $$ for it. In essence, we've recently received loan proceeds into an S Corp which is a single-asset entity owning a large commercial property...
If I purchase a multi-family in my own name, with a mortgage, how can I transfer that property to an LLC? If I transfer the property to an LLC, will my mortgage be called due? How can I avoid that from happening?
Trying to structure the purchase of a property at favorable terms for the seller in order to negotiate a lower price.
Property: 2 unit for $300,000 (property is worth $350k)
Seller Initially Bought it for $100,000 y...
Hello BiggerPockets Family!
I'm Rick and new here, BP has opened my eyes to a lot information and I am grateful for it. I have a question about capital gains, I live in NYC and I currently have a 4 plex for sale on t...