Hey all, I need advice regarding the sale of my rental. It is a former residence that is a cookie cutter town house. I am basically breaking even on. I owe $107k on it and market value is $157-160k. 1. Are transaction...
My first property and first post. Just closed on a brick 4-plex ranch, two bedrooms each, fully rented with good tenants. Paid $115,000 with a 4.5% 30 year loan. Gross Schedule Income is $24,500 with rents currently b...
Hey, guys. So, I've been in search of my first multi-family and think I uncovered a gem, but I'm still new at running all the numbers so I was hoping to get more experienced eyes to take a look and see if I'm way off ...
Hello, I'm new to investing and active in the market. I'm in the Tampa Bay area(Hillsborough County) and I'm trying to accurately calculate property taxes. I'm seeing taxes that are much higher than the actual propert...
Just a quick query of the syndication sponsors out there. 2019 will be the first tax year that I have participated as an LP in a syndication(3 properties, 2 separate deals). When do you typically have the K-1 sent out...
My husband and I are deciding whether to sell our primary residence that have been rented out for 2 years or keep it as a rental unit. If we sell the unit now, it is still considered a primary residence (lived there f...
I "try" investing with the knowledge I get from BiggerPockets. I bought a Vegas townhome cash in the middle of the RE crash during the GFC of 2008-just as you guys taught. The Property increased by 147k . (SIDE N...
Hi Everyone, my name is Carlos I’m from Toronto, Canada. I’ve invested in property in Vancouver and Toronto but have recently decided to take the plunge into the US. Hoping to connect with fellow Canadians that have i...
I'm surprised I haven't seen any talk of this in the forums (or maybe I just missed it). But the insane tax increases in Jackson County, Missouri (Kansas City) were deemed illegal:
"Missouri’s State Tax Commission or...
Hi,
I understand that the Employer (Single member Sub-S) contribution is tax deductible for the Company, however the Company pays both side of the ss/medicare (15.30%) tax. The question is, what is the cost of say a ...