My question today is the life insurance premium we are contractually obligated to carry tax deductible. Long story short, as part of a land contract we have to carry life insurance equal to or greater then the amount ...
Has anyone started up and run a Delaware Series LLC in California? What are the pros and cons? It looks like having the "series" which allows many LLCs to be operated under one umbrella LLC would be much more economic...
Hey BP Fam!I live and invest in Southern CA, up until recently I've been wholesaling and rehabbing part time. As of this month I am now involved in Real Estate F/T. I assume now is the time to establish some sort of e...
I have the opportunity to purchase an off market 6 family building in the metro East suburban area of St. Louis (Not East St. Louis). The seller has stated they're wanting to free up cash to pay for their daughter's ...
Hello All!I finally have gotten an offer accepted on a property to house hack. I plan on living in the MIS with a separate entrance in the basement. The upstairs is 3 bed 2 bath with almost 1500 sq in a nice neighborh...
Anyone know offhand if a CA resident is one of two shareholders of a Texas LLC holding Texas commercial property, does the CA resident incur the minimum $800 CA LLC tax fee? It is expected to show a tax loss.
Hi, This is for a rental property. I paid using a credit card and the county charged me a service fee. This fee would not have applied if I had paid using a bank account.Can the service fee be deducted as part o...
What do people use to estimate out of state property taxes?Is there a good website or resource?
I bought my primary home 2 years ago and I just cant remember all that's required.We're looking at houses around $100k-$125k, I'm estimating everything high so 5% for closing costs, I've factored inspection cost, 15% ...
AllI’m considering selling interest my primary residence to a partner in exchange for X% equity. I plan on moving out of the house at the same time and using the money as a down payment on my next primary. Would this...