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I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.-When I sell the property, would I be paying a tax on the prof...
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Error and Omissions insurance only covers so much and a quick google search has shown a variety of reasons why it might be a good reason including potentially lower taxes (I am going to need to research that more). ...
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I was having a brief online discussion with @Jay Hinrichs about the regional differences in real estate throughout the country. I was curious what everyone else thinks is the weirdest local custom or law you have in ...
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Hello,
I am wondering if there are any circumstances in which i can expense in the current year the purchase and installation of new LVP flooring that will be a floating floor? More specifically,
1. Are there any c...
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Hello guys, just finished the beginners free course. Exited to be here and committed to learn as much as possible. So a little about me. I have a trust in the amount of 260k and work part time making little money for ...
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My new tenants have found where the house was not clean enough upon moving in and I have had to get a cleaning service to come in. They have also found ticks in the house, and I have had to get an exterminator to com...
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I have two current rental properties (1 in NJ and the other in OH) and looking to acquire more (possibly in OH). The new properties will either be long term rental or STRs. I am considering moving my existing properti...
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Based on responses on BiggerPockets, I've realized that addressing these two concerns is not necessarily complimentary, one can cause problems with the other. In Brandon Hall's article on tax planning "Higher Earner V...
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I know that you pay property taxes for the property you are renting out, but are there any business taxes that you have to pay as well? Is there somewhere that I could look to find out tax information?
I would like to get opinions on a plan my fiancé and I are working towards. We would like to start investing in multi-family properties for multiple reasons some of them being to produce passive income, retire or sem...