Hey all,I bought my first property a 2BR/2BA In April of last year (before I found BP or how to calculate cash-flowing properties), been living in it until about a month and a half ago. I'm moving out of the country ...
we are moving to NYC and going to set up a LLC for my husband's sound design business and wondering if it is better to start a separate LLC in another state or just use the same LLC to start with.. point is we don't h...
There is a provision for a 3.8% tax on real estate sold beginning in a couple years as part of health care bill! I did try to verify with snopes. It was confusing and only discussed in terms of owner occupied sale. Di...
I have a question regarding 1031 Exchanges in regards to depreciation recapture and capital gains Taxes. This is purely hypothetical, but I want to look forward to make sure I'm structuring everything correctly. Als...
I am the highest bidder on a US Marshall auction but I did not really do my research until after the auction. I found out the owner havent pay taxes since 2003 and it might be possible of other lien against the proper...
Question.. I'm selling a rental owned by my self directed 401k and all the proceeds are going back into my 401k.. This is in Maryland.. The title company is unsure if they should withhold the state 8.25% witholding of...
I just purchased a tax certificate for a half acre of land that has a cell tower on it. I am at a loss as to how I "possess" this property. Basically the owner leases the land to the cell tower. Would an ejectment ...
I live in Ohio. I have an opportunity to invest in a single family home with Canadian family members in Waterloo, Ontario. The home and all related expenses/profits would be divided equally between the 4 of us (sibl...
I'm aware that if you sell a home that you've lived in for 2 years, and use that money toward a new home you will live in, that the tax on appreciation is waived. This compared to investment properties, where that ta...
Is that okay? I applied for the EIDL loan as a just in case the renters dont pay for a few months, but can it be used to buy more properties?