belle asked:


I was thinking of buying an investment property to rent out. Which would look better for applying for the second? Does it matter?
There would be a loan on both.

Juanita

luvnitsingl asked:


I already have a few properties, now I would like to form my business. Do I need to have a city/county license? I would also like to incorporate, I know the site but not the forms required. As much information as you can give me would help. Thanks in Advance.

Ron

Mystery Man asked:


Hello,

How do I start a LLC and transferr my investment property to it? I live in California and this is were my investmet property is…can someone give me a link to do the LLC and also should I do a California LLC or Delaware or what state… Please help. thanks in advanced

Herbert

sheldon_koggs asked:


What happens to the lean holders on the property? How do they get paid there debt?
FYI – I am the lean holder in this situation. Not the person declaring bankruptcy. I want to know if I am still going to get paid if the homeowner declares bankruptcy.

Jane

i w asked:


I have a client that had a foreclosure in august 2007—-on an investment property—now he wants to refi cashout primary, don’t know scores…but can it even be done….he needs to payout wife in divorce….do you think possible?

Diana

urbanguy21 asked:


I understand that I will need to use a 27.5 year lifespan for residential real estate investment property, but it is unclear whether I have to use straight-line calculation or not. I seem to remember there being an accelerated depreciation schedule available for 27.5 year lifespan property in the past, but I cannot find it on the IRS website now. Any help would be appreciated. Thanks.

Daniel

senzualsindhique asked:


I want to buy a few properties as investments and I am a licensed real estate agent. I am legally allowed to collect a commission for managing that purchase transaction even though it is for myself?

Jack

Country Pilot asked:


With the real estate market in a rut, I want to buy one or more investment properties. I can take out a HELOC for about $50K for prime minus one. I would use this to put money down and then borrow the rest in an investment loan. However, I don’t want to open too big of a HELOC and restrict my ability to get an investment loan. What is the best strategy and were are some good guides to turn to in this area?

Gloria

Sus asked:


This is a difficult situation. We own a piece of undeveloped land in FL and are considering selling to put a down payment on a house in CA. We have owned it for about 14 years. My husband is military and a FL resident. We currently are stationed in CA and I am a CA resident. The land is a joint tenancy. FL doesn’t have a capital gains tax, but CA does. So I am guessing that we have to split the gain 50/50 and have 50% taxed by the state of CA. We are trying to use an online capital gains tax calculator to figure how much we will have to pay.

We had an assesment to pave the street. Would that be an improvement cost?

Also, the state bought a small portion to widen a highway. Would the money they paid us be deducted from the basis?

How do you come up with the depreciation? My property value has went up (according to the county assessment).

How do you figure out what the tax rate is on the gain?

I know this is tough one, but I appreciate all the help.

Kathy

racache_us asked:


Best Investment property? Multiunit apartments, Houses, Commercial?

Irene