Bryan Snyder
CPA in the house? Quick question...
If you have your properties in a LLC and have separate business accounts are you only taxed on money you take out (salary) from the LLC? If there is extra cash that I could be pulling out as salary but don't and it st...
Salvatore Trapani
Transferring Members of an LLC - Tax Consquences
I'm currently managing a commercial (15-unit residential) building in the Bronx, NY that is held under an LLC by a 100% sole-member.The member is looking to fully transfer the corp. stake to a family member, making th...
Benjamin Riehle
Empty Schools Provide for a Unique Investment in Kansas City
What caused the vacant schools?
Kansas City is not the only metropolitan city that has closed schools in recent years; Detroit, Philadelphia, and Chicago all closed a large number of schools as well. Unli...
Steven Nitschke
Taxes, Capital Gains?
Okay so I’m pretty new to development, and the most confusing part to me is the taxes, capital gains subject.Is building and selling 2 family condos considered under capital gains tax? How does the process work with b...
Chris W.
What What You do with 100K?
Hello All,I am new to BiggerPockets and this is my first post. My question to those experienced investors our there is: If someone happened to give you 100K, what would you do with it? Thanks!-Chris
Winston A.
Purchase cost relating to Loan
Hello,
I bought a building for $200,000, and was wondering if add the purchase cost to the building before OR after the allocated building % is applied.
VERSION #1
Purchase Price: $200,000
Purchase Costs: 5,...
Juan David Maldonado
No woman, No Cry, Using Property Owned As Colleterial
Hey, everyone. I own five acres of land that is paid off. Nothing is build on the land. The value around $20k according to the local tax office. Can I use it as colleterial for a loan to add to the down payment amount...
Jin Wang
Referrals and Tips for New Home Construction in Brookeville, MD
Hello All! This is our first post on Biggerpockets, very excited to start engaging in discussions about RE investing :) So my husband and I have a piece of land in Brookesville, MD that we'd like to build a single fa...
Jerry N.
Cook county affordable tax credit
Hello, Any private owners on here have personal experience with renovation spend and then qualifying for IHDA tax credits? This is in Cook County, not the city, but it doesn't seem like there is an Illinois specific...
Trevor Gardner
Company Structure for Multiple RE Investment Types
My wife and I are just getting started with our RE investments and want to structure ourselves the right way to begin with.
Our goal is to invest in short-term vacation rentals while flipping properties to build the ...