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We have a home we're preparing to sell- it's essentially a flip that we've had for only a few months. We live in a state that generally requires a property disclosure, however, we would like to avoid it if possible a...
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Hello All,Question regarding Self-Directed IRA'sMy partner and I (through our LLC) want to use his IRA to purchase a property. The initial idea was that we were going to use the IRA Funds to purchase a $65K property.....
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Last week I was told to consider having my properties in a holding company. I'm not really familiar with this, I'm guessing it's having them under a corporation to limit liability and pay lower taxes? I have 4 propert...
Hey, everyone. I am in the market for a home, but there is also an excellent opportunity to purchase a rental property that has some equity. Buying the rental would obviously take the cash that was intended for my pri...
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Is there any online legal sites that I can obtain the wording or form to do the 10-day statutory notice regarding right of redemption to remove the prior owners for a foreclosure I bought at auction. I contacted multi...
Hi all, I have a 21 units which I am paying a lot of tax due to being in the middle of the city. Would it be possible to stay in one of the units and claim homestead on 21 units property? The property is currently hel...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $310,000
Cash invested: $28,950
Sale price: $416,000
Contributors:
Peter Vekselman
Partner Driv...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $28,000
Cash invested: $47,000
Sale price: $110,000
Contributors:
Peter Vekselman
Partner Drive...
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"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...
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I keep hearing many investors speak of the housing market and stock market as if we are in a normal situation. Everything is great and the stimulus has solved all of the problems that a global pandemic has created. Ta...