Let's say I buy land and put a mobile home on it and live there 2 years, then sell for a profit. If the mobile home is considered personal property would the profits be taxed?
Hi All, what is the typical cost for your umbrella insurance in NY, FL or whatever state you are in for $2M or $3M + policy? Everybody here is saying umbrella policies are very affordable.
I am starting to wonder i...
Hi everyone! I recently purchased my first property and plan to house hack it. It is a Duplex located near Johns Hopkins University in Baltimore, MD. I am unfamiliar with how the tax process works for rental units, an...
Hey short term rental owners,
I'm wondering what you would suggest in order to be able to deduct expenses of running your short-term rental business, i.e. furnishing the rental, management fee, etc. Is it easiest to...
Hello all,I’m one of three partners purchasing a duplex. We formed an LLC but from what we’re finding out we can get much more attractive financing if we purchase the property in our three personal names. My question,...
Hey all! I’m looking for some input. We currently own 3 rental properties across Texas, Virginia, and Washington State. They were all originally Owner occupied and then turned into rentals when we moved. I’m wondering...
Hello everyone! My name is Vanessa and I am new to real estate investing. My business partner and I just started our own company and want to focus on Probabte Wholesaling. We have been marketing and finally got a cal...
Hello community friends, I am debating on how to hold the titles to the two properties that are under contract, given some future implication and changing financial situation in our household. There are lot of my own ...
Hi Guys, first time posting here and just upgraded account. Brandon promised a webinar where he actually goes through this but I can’t seem to find it.
I am wondering if I should open an LLC or just continue to do b...
Do you need to get a LLC if you have a property manager looking over your rentals?
I was told that you did not need to create an LLC if you had a property management company taking care of your rentals. Can anyone he...