Jaclyn K.
Live in CA. Buy Elsewhere. LLC anywhere?
We just bought our first cash-flow investment property out of state. We live in CA. We are interested in setting up an LLC, but have heard conflicting information as to where it should be.
We have been advised to se...
Christopher Vargas
In Need of Captial Gains Tax Advise - Florida
Recently flipped a home in Kissimmee, FL. Made a $65k profit. Unmarried with a salaried income of $38,500. How much should I reasonably expect to pay in state and federal tax? I'd like to set it aside in a money marke...
David Morrison
I am looking for a good CPA
I live in an Diego and am looking for a good CPA that specializes in real estate. I currently own several properties. Any recommendations would be great.
Samuel Velasquez
How do I find out about irs Leins?
I have a potential deal with a seller however there is one issue. He late husband owed the irs a substantial debt and has since passed. How do I find out information on irs liens ? I’d like to learn what are the steps...
Bil Casimir
Houston Real Estate Attorrney
Can anyone recommend Houston, Texas area real estate attorney? I am needing guidance on how to setup LLC, how to handle taxes, etc. Thanks,
Tom Abbot
LLC tax filing for spouses
We recently purchased a condo that we’ll be renting out and formed an LLC naming both spouses. I’m not sure how to fill out the ‘Federal tax election’ section on the LLC request for information form tr-570 from NYS....
Tom Hargis
Investing ESOP diversification funds
I have an ESOP (employee stock ownership plan) diversification option of about $68K available. I would like to use it to pay down the mortgage or couple it with other funds to pay off the mortgage on a single family r...
Madeline Burkholder
IRS Real Property Auction?
Hi everyone! I am a real estate agent in the twin cities area of MN. I got a call today from a revenue officer with the IRS asking if I’d be interested in being a guaranteed bidder for a foreclosed property that the I...
Jerry Poon
Where can I find a comprehensive guide on how out of state investment properties affect my California/Federal taxes?
I recently closed on a couple SFR's in Indiana as pure investment properties. I am a resident of California and I feel very in the dark about how they affect my taxes in California and for the Feds. I also want to mak...
Dawn McNary
Hello from TX and New England
I'm a new RE Agent in TX, in process of getting CT license as well...but after working with a few investors it has become clear I want to accumulate some properties..small,1-4 family, for now...I'm interested, for now...