What percentage is the structure worth vs land for depreciation?In California in the property tax bill you can see sometimes the land is 90% and the structure is 10% but the reality to rebuild the structure can someti...
Hi,I just bough my first 6 fam unit in RI. I am thinking of forming an LLC soon. I am wondering if folks can answer few basic questions : 1) I am based in MA - Should I form LLC in RI or MA?2) Is forming LLC is a pr...
Ive been tyring to do wholesale, mainly because you dont need to spend much, or any, money.
Everytime i talk to somone about being interested in wholesaling, their ussually turned off by it due to signing the contrac...
Good morning BP community!
I have been studying REI for about a year now and am ready to move from analysis paralysis to making my first deal happen in 2013. I attended my second local REIA meeting last night and was...
Received a $1M offer on a 16 unit building that I purchased back in March - leaving me with a nice profit.However, I am expecting 30% in short term capital gains between the state and federal and a prepayment penalty ...
We currently own a duplex and two SFR. What a year it has been...went from nothing to these three buildings.
Cash Flow will be 4300 because we paid cash for all three.
I need some inspiration here... is this real...
I would like to build the credit of my company under its own Tax ID. My company was started back in late 2007 and at that time I had some Investments with partners in Real Estate. Well as you know the crash happened...
For those of you who haven't already heard the news, there is SDIRA-Killing Legislation in the House Tax Bill. Tax Attorney/Investor John Hyre, has put together a website that describes the impact of this bill on all ...
step by step on what paperwork do you need to present to an investor.
I already created a thread titled "Disabled Son." I did not get much positive feedback,though I am sure that the respondents were all sincere and good people.
To recap [though might help to read original th...