Hello,My father is seeking to transfer a paid off SFR rental property in Florida from his name to a newly formed LLC, under his and my mother's administration. I have researched that there is a transfer tax based on t...
As I gain a better understanding of this business, I relate it to mine (auto finance). In my industry, we utilize a reinsurance company for add on items (like warranties). Is this common with this industry?
EXAMPLE...
We, husband and wife and our children, live in a paid-off house (A1) with short commute to work.For the sake of better school district, we are buying another house (A2) and plan to live there for the next 8 years.We...
Just got wind of a new idea that's essentially Uber for marketing campaigns. I think it could be a great addition to existing marketing strategies. Gist of the idea is you develop your marketing advertisement (think: ...
Hi All,I have a rental property listed on these rental websites and wanted to get other's input on the new Occupancy Tax for New Jersey. There is a clause in there that states that the tax is not due if the rental i...
Hello everyone,I recently graduated college, with a Bachelors in Accounting. I am also taking a Masters program that will allow me to sit for the CPA Exam. I have a huge passion for investing in real estate and I thin...
I am hoping someone from the Milwaukee area can help me with some questions on property tax. I am under contract for the below property
http://assessments.milwaukee.gov/remast.asp?taxkey
When I go to Tax Balan...
I noticed the title companies (the ones here I have dealt with anyway) take the number of days the seller occupies and credit the buyer in prorated property tax,To figure the amount per day they take a 1/2 year amount...
Hey all,
I was curious to know when opening an LLC for a rental property, what the stipulations are. Do the names that are on the deed/title of the property have to match what's on the LLC?
For instance, if my pare...
I currently own and live in a two family row home. I live in one unit and rent out the unit. I report the rental income on schedule E on my personal 1040 along with applicable expenses (ie 50% of the yearly property t...