Craig J Eiland
LLC in California
We are getting ready to set up our LLC and are wondering if anyone from California has opened one in another state to get around the large yearly tax of $800 in our lovely state. We have been advised by an attorney to...
Nicholas Weckstein
multi family in Scranton PA
im about ready to make my first investment. ive analyzed the market in the area im looking. checked into the economy, browsed houses in that area. ive also done many calculations on my financial situation to ensure i ...
John Dersoe
Generate Income or Pay Down Debt?
I have bounced quite a few questions off this forum and thought I had a plan. Then, I spoke to my lawyer and accountant and the plan might be out the window. I relocated from NY to Tampa, sold the house in NY and want...
Bryan Pham
What are the tax implications of buying property in Canada?
Hi BP,2 months, I traveled to Vancouver, Canada and I noticed a lot of real estate activities going on. I been wondering as an invest from the US, what are the legal and tax implications of owning properties up there?
Dan Lam
which of these two is the better deal..
I am currently shopping for a multifamily in eastern mass and have narrowed down 2 deals that are both attractive in their own ways. I am under the gun to place an offer on property #1 and would like to get some feed...
Alain Haug
Are we eligible for convenient loan?
Hello BP, and greetings from Switzerland.Simple question, not so easy background:Will we be eligible for a conventional loan (Freddy Fannie)?Background: my wife and I are currently living in Switzerland. She is US cit...
Stephen N.
Do i have to pay self employment tax on flips?
I just read a post where someone said you may have to pay SET on income from flips. Is that true?
Westin Hudnall
Using 401 K money to pay off my primary mortgage - Good or bad idea ?
My story : I'm 30. Fully vested with $55,000 in my 401 K . My primary mortgage has a balance of $35,000 left of my original $182,000 loan I got 5 years ago.I made a lot the past few years during the down economy and w...
Karen Seale
How to calculate 1031 Boot Taxes
Hello everyone,We have been searching the posts here on BP and still haven't really found a specific answer to our question. How do you calculate tax on a 1031 Boot? Here's our situation: We sold one property and...
Michael Klinger
Business Banking Cincinnati
Hopefully not too off topic? I'll try to avoid asking "where does a multi-family investor buy a set of toe nail clippers?"But... I need a new bank where I can open up a pile of business cehcking accounts to operate Ci...