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Is there a difference in the tax consequences for flipping in a single member LLC vs your personal name? Any suggestions as why to do one over the other?
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If you use leverage along with a self directed IRA to purchase real estate rentals properties are the usual tax deductions EX, interest, property tax. depreciation. applied to the total cost of the home. or is it appl...
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I wanted to know if I'm the only one that asks this of my tax guy.Since our LLC is a "pass through" type of entity, any refund during tax season is put on our personal returns. Each year, I ask him how much of that re...
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example. CA property estimated sale price 1.8M. Initial down payment 10 years back 120K, recent remodel 400K, balance mortgage 300K. Given all this how much should be the value of property that I want to buy under 103...
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Hello! I am a real estate agent new to real estate investing and need some advice -
1. Which NAICS code should I use for my activities?
- Residential purchases, remodel/repairs, and re-sale (flips). I'll typically...
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I own a rental property (a former family home that I've been unable to sell the last few years) near a college campus that barely pays for itself when rented out @ $1075/mo. I owe $100K on it with a current market ...
Hello! I'm looking for convincing reasons why I should rent or sell my current condo I live in (which I own completely) once I move out to the new house I just purchasedThe new house (in Queens, NY) is worth 650k. Th...
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For the experts in the industry, what are your thoughts on the growth of Seattle real estate with the conflict between city vs. big companies and having to pay a head tax? ref. https://www.seattletimes.com/business/am...
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Hi all. I currently have 4 properties mortgaged and am trying to obtain funding for a 5th property (and so on and so forth), however, something interesting happened when I was going through pre-appoval in that my loss...
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We are purchasing a property that is (1) parcel of land with (2) single family homes on it. We plan on living in one home for 1-2 years as our loan is based on a primary residence, and renting out the other home. For ...