Jessica Seppo
Schedule E: Married file jointly
Hi All!Question about LLC’s taxes. My husband and I have a Single member LLC in MI which is not a community property state. We file jointly and are both listed on the Schedule E for our properties. Is this the best wa...
TJ Scott
Selling my house do I have to pay taxes
I am selling my home because my wife got a pay cut and we can no longer afford the mortgage. We will be making money off the sell and we are buying a cheaper home. Do we have to pay taxes on the profits from the sell?
J White
Equity question
If a person has been living in a parent financed home, he/she provided the down payment and made all home payments and is the primary occupant, has recently refinanced the home (6 months ago), adding his/her name to t...
Luke Condon
Getting Pre Approved
Once I get pre approved, is that just for like one property/ Can I make offers on multiple properties if the price range is similar? Then how long does being pre approved last? I assume having a lender run your credit...
Jonathan Escobar
I want to Sublet/Sublease as a Renter
I'm currently wanting to get a 4-plex and house hack it. At the moment, I am unable to do that. For the time being, my wife and I are just renting until we are in the position to do so. We are renting a 1 bed 1 bath a...
David Flores
Investment Number 3 - 4th Property - 4 More Units!
Investment Info:
Small multi-family (2-4 units) commercial investment investment in Morgantown.
Purchase price: $245,000
Cash invested: $29,500
Another investment in the books! This one I am extremel...
Colin B.
GOP Tax Bill - W2 wage limit vs. employment income
Trying to make sense of the tax bill - the last minute "Trump/Corker" clause seems to be a big handout in that we will be able to at minimum, take 2.5% of our capital basis as an extra deduction against NOI no matter ...
Jeffrey Suarez
How long do you have to live in Primary residence before renting?
I want to rent my home in about 2-3 months, move 30 miles closer to family. I will be keeping part of the home for my personal belongings. garage and RV storage. ( I started another thread about building adu so I cou...
Julia Li
STR - Optimal LLC Structure for asset protection and taking title
My husband and I are co-buying an investment property with another married couple (our friends) and are planning on using it as our vacation home (taking turns) and running it as a STR. We would like to leverage bonus...
Aristone Louxz
We are flipping a house but now want to buy it with a loan?
My wife and I recently purchased a property with the intention of flipping it. We financed the property with a Hard Money loan. When she walked through the door, she fell in love with the house. We as well, are curren...