Hey everyone,
I just recently purchased my first house and I will close in about a month. The house is a 4bed 2 1/2 bath. Me and 3 other friends will be moving into the house.
Now my questions is, the rent that my ...
hi all, I've read a lot of capital gains but still I don't get answer.I bought a house in 2016 for 200k, lived for a a few months, then moved and used it as rental property.In 2022 I refinanced because of the low rate...
For taxation purpose, how would this work? My 'Holding company X' in WY has two LLCs registered in IL, One of them is in active rental - STR, and another holds assets in a LTR business. I know that the 'Holding Compan...
Hello,
For the first time I worked with a CPA who specializes in real estate and was really excited since I was hoping to have more write offs this year however the opposite was true. I've had a rental for a year and...
Hi, here's my question. If I buy a 4 unit multifamily property using a 1031 exchange for $2 mil then use my own cash to remodel it, then have it appraised for $2.5 mil. Can I then refinance the property and take some ...
Hello ALl! first post here... My name is Adriana Vergara, I´m 35, single, no kids. Journalist background (worked in CNN for 8 years) I Now I have a soccer school in Atlanta GA, and also I became an apprentice in real ...
In this time of COVID I'm looking at purchasing extra property but am looking at getting the downpayment from cash refinancing properties. I listen to several podcasts aside from Bigger Pockets- Real Estate Guys and J...
My parents are selling multi-unit (10) apartments, which is part of an LLC. The LLC consists of my parents and a family member who recently passed away, and the property is fully paid off. When its sold, can the fun...
In light of the CDC eviction moratorium for non-payment of 'rent', is there a way to segregate what is rent vs what are fixed costs like w/s/g from rent? Speaking of multi's mostly. In my area w/s/g is owner-paid.
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I have about 5k-10k to invest, I’m just not sure where to start. At first I was leaning toward SFH rentals but the big numbers just scare me, along with multi-family homes. Also thought about mobile homes, but there j...