I am looking tonopen a sober house in the Long Island area. I will be opening an LLC to limit liability, knowing full well the tax implications are identical for LLC vs. personal ownership in buy and hold situations.
...

When buying sub to:

If you decide and are comfortable (have exit strategies) purchasing via sub to, and keeping as a rental property.

Who gets the tax benefits? Do you get to depreciate the building out...

Hey y'all,
After doing long-term renting, we are looking to get into mid-term by doing rent by the room.
I've heard that there is a limit for unrelated people living in one house, which can be as low as 3 people (wh...

A spouse  wants $50,000 of the $140,000 value of a real estate property being held in their spouse's SDIRA in Florida- an equitable split property state when it comes to divorce. The spouse who owns the SDIRA will NOT...

I want to establish an llc with my wife. We will be equal partners. We live in Oklahoma and file a joint return.

How do we set this up to avoid paying self employment tax on the rental llc return?

Thanks

FriendsI'm living and working outside the US, and will continue to do so for the foreseeable future.  Each year even after FEIE I have a modest tax liability to the US.   SHORT TERM:Buying 1 SFH, and as a form of pers...

So, I have a 4 bedroom house and have a student tenant in each of the rooms. This evening I received the following email where the tenant is alleging me for racial discrimination and threatening to lodge a complaint a...

My out-of-state agent tells me this is normal for the neighborhood but I see iron staining all over the tubs and toilet and can't imaging a tenant being okay with this.  
Questions:
Have your tenants been okay with ...

I got this email in reply to my rental/lease purchase ad:

see next post

I met a wonderful potential tenant who filled out the application with good credit and passed the cozy background check.However, her monthly income she receives is from social security and her assets are a small IRA a...