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I am planning to start a business to buy and sell raw/vacant land. I would like the freedom to purchase properties in any state, but I am beginning to think that will be complicated by the rules of most business entit...
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I am new to rental real estate investing in LA, but have existing assets to protect, and would like to focus on asset protection from the beginning. Can anyone recommend a good real estate lawyer that can help me with...
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Hello,Say a kid under the age of 18 inherits a rental property which has been placed under a trust and parents choose a custodian to manage the rental property. The rental property still has mortgage. The custodian ...
This is our first commercial property which we bought 3 years ago in DFW,TX. It is a 2 stories (2600 sq ft) house built in 1920's and zoned to commercial. The house is NOT in the historic district and is NOT a histori...
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On 1/30/15 i purchased my first multi unit rental properties. 2 buildings 6 and 4 units respectively. Closing and transfer was a very positive experience. my first month collecting rent has been good as well. i wo...
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My tenant signed her one year lease in August 2019, set to expire August 2020. In August 2020 I asked if she'd like to continue living in the residence on a month to month tenancy and she agreed. I should note that sh...
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Hello!I am in the process of doing my taxes and I am currently just using Turbo Tax (not the best, I know, but I have been struggling to find a good CPA). In 2022 I inherited a property with my brother. We sold it bel...
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I'm looking to get started in investing in property and am exploring potential markets in which to invest. I've lived in the US my entire life until last year, when I moved to London. I plan to move back to the US at ...
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We are closing on a 7 unit in California in just a few days with rents that are very low- $450 instead of $630. Long-term, month to month tenants, rents have not been raised in years. We will immediately raise the r...
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Hi, I am new here and have a question about taxes when selling an investment property.My husband and I own a rental property in Phila, Pa but want to sell it. What taxes will we need to pay besides the capital gains t...