All Forum Posts by: Raja Nahs

Thanks for sharing that. In your case, why did the seller decide to transfer to LLC during escrow?

That’s something that bothers me. If I’m selling, I’ll do that before I put my home for sale so it doesn’t scare potential buyers.

It sure is odd. The property has been in the market for 40+ days, so why now?

Also the seller lives in Mexico and not a resident of US, and is an investor/business man of some sorts. Not that it matters but sharing..

My agent is going to contact her real estate attorney to see how this is going to pan out.

any suggestions or if any of you have gone through this before please share your experience.

Hello-

I'm Buying a property (single family home) in San Diego. Seller is accepting my offer and has added this in his counter- "Seller will transfer title to his LLC during escrow"

I'm not sure how this will work as the contract I'm signing now is between me and him. Wouldn't this be void when the title transfers to a LLC and the contract has to be done all over again with the LLC?

Secondly - do sellers do this for tax purposes?


Please advice.

Thanks!

Hello,

Looking for CPA with deep real estate knowledge/experience to assist with 2022 tax filing. My situation - I want to apply bonus depreciation on assets purchased in 2022 to non-passive income. Oregon resident with properties in Texas. 

Thanks!

Not sure if there is a classifieds section here where I can look up for CPAs by state or something?

Thanks! He did claim to be a real estate CPA and assured me this is right. I did a lot of research and nothing came up supporting this claim. Maybe time to find someone new.

I'm planning to do a cost seg and use accelerated depreciation for properties bought in 2022. My plan is to use this to offset  non-passive income. I know I should qualify as a REP to do this, but my CPA is saying that the first year of property purchase is considered as an 'active participant' and don't have to be a REP. I'm not sure if this accurate.

Would appreciate your insights...thanks a bunch.

Hello,

Is it normal for a builder to ask for 20% earnest money for an investment property in Dallas Texas?

Thanks!