Henry Der
C-Corp holding LLC's that Hold Property
Will be purchasing Ohio real estate for rentals and flips under LLC's. Planning to use a C-Corp to hold these LLC's. Can I use a C-Corp registered in a different state with better taxes, or must I use a C-Corp regis...
Roger R.
Property taxes after you purchase
Do property taxes automatically get re-assessed after you buy a property based on the purchase price you pay? If it does, how do you really evaluate a property properly?
Carini Rochester
1031 exchange: When is it worthwhile? When is it not worth it?
Is there an approximate dollar amount of gain that makes a 1031 exchange worth the hassle? Is there an amount where I should just pay the tax? Another amount where there might be this gray area? Another higher amount ...
Russell Buxton
Pay off mortgages or use interest as tax deduction?
I have 4 mortgages where I am paying approx. $35k per year in interest. This obviously reduces my tax burden. With other deductions, I pay no taxes at all. I have the funds to pay off these mortgages. Would it be wis...
Orlando Centeno
Newbi in Milwaukee WI
Hey all.
I've read lots of info on this site and i think now is the time for action. I would really love to work with someone in my area who could be my mentor.
There are two areas that i have reading lots about. O...
Pat Hamilton
Net Profits Tax Return
I am in the process of doing my taxes and was able to register on the new tax center website. My rental properties do not earn over 100k/year so I was able to file the BIRT easily, but I'm confused regarding the NPT ...
David V.
Deducting passive RE losses from nonbusines income (salary)
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
John Brown
Mitigating capital gains
Good day all,
i have found a property that is for sale and the owner wants out of it. It is approximately 5 yo and consists of a few duplexes for sale on one side of the block and he owns a few more on the other si...
Charles S.
PROPERTY #2 - Analysis campaign
Property #22-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $70- Taxes: $295- Insurance: $135- Property Managemen...
Troy Grudin
Is Turnkey A Good Place To Start?
This is my first question of many. As I have just started to look into real estate investing. It seems that a turnkey provider might be a good place to start. I have come across a few horror stories. So I know tha...