I have what I think is a two-part question. So here is the scenario and hopefully it makes sense.If someone were coming into money from the proceeds of their primary residence (qualifying within the 3/5 years occupan...
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Should pay taxes or too much for a property? I have 2 weeks left to ID a property for 1031. The taxes owed would be around $15,000. Stuck myself in a situation without doing any prior marketing for deals because I w...
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My partner/rock in roll sista @Colette Chase and I bought two properties this year and wondering how to best setup our company structure for best liability protection, tax benefits, etc. We just registered an LLC in ...
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I have a house in the Woodland Acres (32211) area of Jacksonville that was purchased for $47,300 cash. We are currently renovating it with about ~$30,000 in and when it's done it will be completely move-in ready with ...
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Howdy everyone. Hope you are all doing great!So, this year, I will make around $140k on paper. I make right over $70k at my day job (with... no benefits, yes I know, moot point) and my rentals will pull in right arou...
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I'm from Rockville, Maryland area and looking to purchasing my first property in Annapolis, MD. I've been referred to MD's program for first time homebuyers, where they can assist in the down payment and closing costs...
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Hello Everyone, I hope this is the correct place to post as I am new to the forum and have just been lurking around reading for the past year in hopes of learning all I can before pulling the trigger on a deal, so be...
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Good morning everyone! I want to start by saying thank you to this amazing community! I really hope we can get some advice on our tax situation.In 2020, we only had 1 rental at the time, but an investor in the area wa...
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Hey BP, hope everyone enjoys the end of the year and has a an excellent holiday season! A friend and I were discussing the new tax plan and how it will affect our respective small businesses and real estate investment...
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Please share good and bad lessons learned about setting up an optimal business structure to buy a first rental property but be ready to scale to 5, 10, 20, and more in multiple states. What would you recommend? Those ...