Eric Lane
Life Estate Capital Gains question
A 95 year old woman has 3 adjacent properties. 1 is her primary residence and the other 2 have rental houses on them. In 2012 she established a Life Estate adding her daughters as Remainders on the deeds. The woman a...
Jonathan Wildy
Business license
If u own rentals in a different city do you get a business license in the city of the rentals or where u live? Is it required if you have state and federal to have a city business license??
Curt Bixel
Management percentage and structure for STR
I am curious what the going rate is for management of an STR in Columbus. I imagine it is in the range of 20 - 30% of gross rents with the owner paying for some of the utilities and perhaps the WiFi. Can anyone shed...
Nick Bleser
Taxes and flipping in Wisconsin?
I have a question for the Wisconsin investors. When doing a flip how are the taxes calculated? I believe I read that the profits are taxed as self employment? or is it capital gains? How much should I plan on paying a...
Lori Hunter
capital gains question
We have a rental property under contract to sell for a profit of 55k. (44,500 after paying real estate commissions). If we did a 1030 exchange, then did a cash out refi could we retrieve our cash and avoid capital g...
John Shiraef
Chattanooga boy...just getting his feet wet
Hello Everyone! Man oh man am I glad I found this place! Kudos to Mr Dorkin for making this thing happen. After sifting through all the crap that is out there on the web I can't tell you how refreshing it is to fin...
Arlen Chou
How do you, tax efficently, move money between your REI entities?
Hello All,I am still a relatively new buy/hold investor, but over the past 2 years I have put together a small portfolio of 13 doors. Although I am fairly comfortable with the mechanics of buy/hold, I am still trying...
Lisa Marie
Additional capital contribution or loan to my LLC?
Hi, my husband and I are 2 members of an LLC (treated as a partnership). We decided that it's easier to buy a rental property using cash instead of trying to find a mortgage under the LLC name. We have some cash sav...
Lucero Sanchez
Which form should I use for my taxes this year, short or long form??
Hello, I posted a question on January 30, 2014 it was this one:
"In 2012 we purchased our primary residence for $60k it was a short sale and we bought it with out any loans, a year in a half later we found a ...
Shane W. Chapin
We are starting an 3 person LLC. Do I need my own as well?
Three of us are starting an LLC for a commercial wholesaling company that will be based out of Colorado and will be buying up and down the East Coast. All three of us are from different states. My question is, is ther...