Investment Info:
Single-family residence fix & flip investment.
Purchase price: $119,000
Cash invested: $22,000
Appraised as is at 138K, ARV appraisal 400K - we'll see about that. Putting in 75-1...
TLDR: Seeking advice on whether/how feasible purchasing a three-unit RT-4 to convert into owner duplex and one income unit is and still qualify for historic tax credit adaptive reuse incentives at federal and state l...
I want to start this discussion by introducing myself as a new RE investor in the multifamily space. Its important you understand my background to know about this deal. In the last 3 months I have gone from 0 units t...
So I have made it this far and life has thrown a curve ball. I figured my wife could carry our families health insurance while we venture off into real estate. Well life happened and now it is just me and the kids, ...
Hi,I live in the US but am interested in purchasing a Costa Rican rental (for rent and eventual sale) with my parents who are Costa Rican. They have done this before and they establish a company as a 'sociedad anoni...
Hi,I am interested in my first investment property but I am trying to understand all tax pros/cons beforehand.Let’s say I get paid through a w2 and also 1099 (self employed) and I have to pay about 10k annually on tax...
Hello All,I am currently part of a home building and commercial general contracting family business that has been going strong for over 35 years. While we are consistently growing, but are open to pivoting into a spec...
The Biden tax plan would: (1) eliminate the $25,000 exemption from the passive loss rules for rental real estate losses incurred by middle-income individuals, (2) eliminate Section 1031 like-kind exchanges that allow ...
Hello my name is Renee' Dixon & I can't say that I'm totally new to REI because I've been "trying" to invest on & off for the past 20 years or so with no results. I've been a single auntie/mom to 2 kids & ...
I was doing some research on the taxes in Columbia SC and the 4% for owner occupied and 6% for investment properties and then the millage rates. I was wondering if anyone would be able to share their numbers or a good...