Kelly Byrd
LLC before closing or after?
Yea! More LLC questions! Everyone loves LLC questions! Right? ;-)In an effort to get specific answers, I'll try to be as specific as possible about my situation:My wife and I are under contract for our first rental p...
Giuseppe Rosellini
Can you change the name on the title of a home without penalties?
A family member wanted to change the title of ownership on a home in CA without penalties in order to sell the home and move. As far as I know there are penalties that come with this, any advice? for context, the pers...
David Mcginnis
effect of UDFI on distributions
If my SIDRA (regular/untaxed contributions) pays UDFI tax, what happens to distributions from the IRA? Do I have to pay tax on that income again or do I now have basis in the IRA?Also, I think I understand that bonus ...
Jimmy Ma
Rental Property: Taxes and Insurance
Let me begin by saying I'm new to investing in foreclosures as rental properties. I have a few questions I hope someone here can help me with.
I'm thinking about buying a second house in my neighborhood (foreclosure)...
Jason V.
Vancouver Market Dive - Australia Next?
I don't pay a lot of attention to markets that are WAY outside of my own, by I have been keeping an eye on some of the Canadian markets, because my day-job company does quite a bit of business in Canada (and the marke...
Ana Bejar
Just want opinions how to invest my money
I have 7 rental properties. Interest rates range from 4.12% to 6.5%. Net cash flow is currently $50k/yr but pre tax. I haven’t paid taxes since I bought them due to deductions such as depreciation and interest paym...
JJ King
New Trend: Coliving
Hey everyone! I am super interested in the vacation rental industry and try to stay on top of industry news as much as possible. I recently came across this site called Outsite.co that has me thinking about a whole ne...
Mark Gruetzmacher
Tax Question
Hopefully someone can give me some helpful info. My main concern is with the tax implications.We just purchased a SFR, actually a Manufactured Double Wide on a Basement and 1 acre of land. The property is being purc...
Rich Sutherland
Nevada LLC v Connecticut LLC
Hello All,An absolute newbie here! I have a partner who has created an LLC in Nevada for flipping houses as they were advised it was best. Ive done a little research and looks like it is more beneficial to create an L...
Chris O'brien
How do taxes work as a landlord
You have to pay property taxes but are your leftover profits taxes the same as income from a regular job? If so can you write off expenses(i.e. maintenance)?