I wanted to ask the experts here how they go about doing due diligence on a property. What is your process and what I should be looking out for?
Thanks,
Chanel
Does anyone know of a good preparer in the Lubbock Texas area? Last year as my first year with a rental house and I have always used Turbo Tax in the past to do mine.
I found an interesting deal for a lake home that could serve as a primary home with 2 apartments below. I’m considering purchase options.
Option 1 - I can sell my primary home and purchase the lake home.
Option 2 -...
Hi,I live in california, but I find a property that I am interested in. In california, an LLC costs 800 minimum tax payment. Is there a way I can set up a LLC outside of california? If so, which state is the best? ...
We established an
LLC at the beginning of this year, with just two members – my spouse and
myself. We reside in a community property state and file our taxes jointly as a
married couple.
Throughout this
year, we...
i am renting 3 properties. when i bought my first rental (rental 1) in 2013, i was a noob. i didnt read much on this forum but i knew the property was a good deal. the home is in my name and only my name. in april...
When funding my new LLC for flipping, should I use capital contributions or loans? I like the idea of a mix - with a smaller capital contribution being my buy-in and then a second larger amount for funding the first d...
The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses st...
me and my brother inherited my parents house it's paid for and he wants to live in it so my half will be financed to me do I have to pay taxes on my half
Hi all, I'm close to pulling the trigger on this property in Chicago. I'm going through a turnkey provider. The renovation has already been done and the property will be tenanted with a section 8 tenant. I have a bu...