PHONE RINGS...My wife who does our real estate brokerage accounting and investment business bookkeeping just called me to say we owe $47K in taxes...{heart stops}.BUT I didn't blink an eye because I understand the tru...
I own a condo hotel in FL and the developer/owner of the building is creating issues w self rentals / self management (i.e. Owners not in the hotel program but use Airbnb and similar)The developer is segregating clea...
Hello,I am looking to build a 4 Plex in PA.I am in the preliminary phase of planning and my questions relate to entity structure, taxes, and finances Background:Land Cost $10K Build Cost $200KAppraised Value at comple...
Hello everyone,
We, my wife & I, have a primary property that we have lived in for 18 months. We will be selling our home and our net profit will be tax free due to our primary property.
We also just sold our...
Those of you that do a combination of long-term investing and short term flips? I am fairly new to investing, but I always thought I'd hold everything I bought and simply build out my rental portfolio.
I have a prope...
Hi!
My husband and I have been self employed, living abroad, but we've been looking to come back to the states and purchase our first property. Being self employed, despite having decent income our tax returns show ...
In the Summer of 2011 I sold my primary residence for a sizable gain. I had the house for over two years and am single, so I was entitled to the $250k exclusion.
I have owned my new primary residence since December 2...
I have been looking at mortgages for an investment property. I have not exhausted my options, but so far the market for these mortgages doesn't seem great. I have excellent credit, 800+ FICO. Best option I have hea...
1. Opportunity Zones - Jobs act of 2017 has stimulated growth by offering tax incentives in special zones around the United States2. Refinancing or Tax-Free borrowing - When you refinance, you are able to borrow again...
Investment Info:
Single-family residence buy & hold investment in Perris.
Purchase price: $108,500
Cash invested: $45,000
3 bedroom, 2 bath
What made you interested in investing in this ...