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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $440,000
Cash invested: $120,000
Two 4 plexes connected by a parking lot purchased, all but 1 unit was occupi...
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I am interested in forming an LLC w/ S-corp status for tax implications. The idea would be to build a team and protect my brand. I have heard some people say that forming an LLC is mainly for legal protection and othe...
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I am looking to buy two homes in Cleveland area. Below are street address. Is this a save place Clare Avenue,Maple Heights, OH 44137d and Anderson Avenue, Cleveland, OH 44105Any update is appreciated.
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I don't know about any one else - but my property taxes have increased significantly this year (50% on one of the property alone). This was totally unexpected and way out of the norm (I've had my properties for years ...
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Yep—another newbie here, wondering what I'm missing ... I have only recently learned that owning my properties free and clear puts me in a more vulnerable position for liability and know now that I need legal asset pr...
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Does anyone have any experience setting up an LLC for their real estate agent business? If so do you have any reasons why you would or would not do it again or why you chose not to in the first place? I am considering...
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I'm a new landlord since April, and I've heard and lightly researched all the tax deductions you can have on your rental property, and it all sounds really good... but I feel like I'm missing something.
They say you...
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NEVER CONVERT CASH in YOUR IRA or 401K into ROTH!!!
Here is why. If you do so - 100% of the cash converted is taxable. There is a much better alternative!
The alternative is to set up a self-directed IRA, or better,...
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Hey BP community!
We are in the process of purchasing our first rental property in PA and looking at opening up a separate bank account in order to track our expenses. At this time we are not looking at setting up a...
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Team, Here is a scenario. I am currently in escrow since I am selling an investment property along with a partner. At the end of escrow, I will get close to 300K but out of which $15 to 20K is the profit. so I am sub...