My LLC "formation date" is September 29th. Today is 3 weeks later and nothing's done yet! Today is October 19th, and1.) my attorney still has NOT finished drafting "Operating Agreement."2.) I still have no LLC bank ac...
Hey y’all so my wife and I are starting our investing journey in the next few months. We are selling our home in sd august and relocating to boston. I currently I have a joint savings account with discover that’s 3.6...
My business partner and I bought a rental property and split everything 50/50. She is using a tax accountant to file her taxes and I am using Turbo tax and I noticed there are differences with the way we are filing f...
Hi!I just bought my 1st investment property, a brand new home with DR Horton, and used DHI (DR horton lender) for the mortgage, they told me they were going to sell the mortgage and I should wait for that before movin...
So far the best rate I've seen for saving accounts is from Varo bank, they give 2.48% if you jump relatively simple hoops (5 debit transactions/month, 300 a month in direct deposits). Do any of you know a higher APY s...
I keep hearing that you can purchase real estate with no money down. For someone who has NO MONEY, how can you purchase a HUD when from my understanding most hard money/private lenders will not loan to individuals...
Might be a simple question but if a rental is sold from an LLC what amount is used to calculate capital gains tax. The sale price or the net amount after commissions, loans, etc. are paid off?
Thanks in advance for reading. We are selling our condo and our accountant insists that we are not exempt from capital gains.
We purchased in March 2016 and lived in it 3.5 years until it was rented out for only 18 m...
I am in the beginning phases of putting together an investment team specifically targeting multifamily properties. I have a few questions regarding money and recommendations of putting it moving forward. I normally co...
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Can anyone please let me know whether or not I will personally incur capital gain taxes when my tenants in common partner sells his 50% interest of two properties we co-own? I was thinking I should not incur any...