Lately, because of the large amount of confusing and low quality information I have read online and my inability to access my book collections, I am confused about taxes.
I have the following questions:
1. Are there...
I want to form an LLC with two private investors. I'll run the project and they'll pitch in various amounts of money. Once we get an accepted offer, then we'd just create an LLC just for the property we're working on...
First off - Sorry about the topic, this is my first post and I didn't realize you can't correct topic spelling/grammar mistakes after posting. If anyone has any insight into how to correct it that would be great....
I was once told an interesting "trick" by a seasoned RE Investor. He said if you could find an investment property (say a SFH rental property) that was owned by an LLC, that you could save lots of money on the purchas...
Hi All,I have a condo in Silicon Valley (Sunnyvale) that we converted from a primary residence 2 years ago. The 2-out-of-5 years window for tax purposes is coming up, and we are trying to figure out what to do next.I...
Moved July 31 2023
Renters lease expires 2/2025
Must have lived 2 of last 5 to avoid cap gains if sold.
I’d rather not sign a new lease and go month to month but they’ll push for it.
Worst case scenario we ...
I have an opportunity to buy 5 duplexes for 500K (5@100K each). I plan to 1031X two of my current properties (225K total) to make the purchase. I have talked to several lenders and am not sure the best route to take f...
Hi,I am a still a small time investor and still work my W2 while I try to build a portfolio. I am currently running into an issue with some lenders which prevents me from acquiring financing. I own an investment prope...
My mother-in-law owns her home in Northern California. The location is pretty incredible and the area has appreciated 80% in the last 10 years. She has never attempted to rent out a property and wants to sell but woul...
Good Morning BP,
Reaching out for guidance on using the Rental Property calculator for a Multi-Family NJ house hack where I will live in one of the units.
My partner and I are currently in the Central NJ part for ...