Jake Hancock
Tax issues on corporate owned property
Hello all,I have a dilemma involving tax issues on a property I own.In 2010, I purchased a single family residential property. It was purchased by my (solely owned and managed, I have no other employees or officers) T...
Jane S.
They havent filed tax returns for 2021 or 2022
Showed house to a married couple who actually completed their rental applications quickly, mostly accurately, and have good rental history and working the same jobs for years. They are the first folks to ever accompli...
Javier Carrizosa
What is real net worth when on investment properties?
So the main definition of net worth to my knowledge is, after selling all assets minus liabilities you get your net worth. I believe a lot of times when we try and do a quick net worth calculation for an investment pr...
Dina Harleth
Pay 0% capital gains on sale of house?
Hi everyone,
I am trying to figure out my best option for a house that was gifted to me while my parent was still alive. It was mentioned to me in a previous thread that I could pay 0% capital gains if my i...
Account Closed
How to issue a W2 to myself?
Happy New Year everyone! Let 2016 be a year of learning and prosperity for all.I have a question and I would like someone who has done this and has experience with it to help me out. I have been acting as a sole propr...
Vincent Buggs
401K or home equity for multi-unit down payment
I am looking to invest in a duplex or triplex. Which is a wiser decision: Pull money from my retirement account or use the equity from my principle residence?
Brian Gibbons
Interesting Calculator Site for RE Investments
http://www.proapod.com/LearningCenter.htmFormulasBreak-Even Ratio (BER) The ratio often used by lenders when trying to decide whether or not to underwrite an investment property loan...Capitalization Rate ...
Vid Cotarta
How? Turn a rental property that I own into an LLC with partner?
Hello, I have a rental property that I have owned for over 8 years that has a tenant in it and producing well into an LLC?I have a friend and business partner that wants to get into real estate and I suggested he just...
Julia Samaniego
New to Tax Lien and Deed Investing
Hello ya’ll, new here, just joined, am wanting to get into Tax Lien and Deed Investing (auction and OTC). Does anyone happen to know if there is anyone that can help or at least guide me to a person, place or thing l...
Jen Hoang
1031 Exchange advice
I have a property that I would like to do a 1031 exchange. The property is valued at $440k. I owe $140k. Let’s say that the sale generates $300k profit for simplicity. (Not included closing costs etc) 1. I need to pu...