All Forum Posts by: Rylan Zwanziger

@Spencer Stensrude  Thanks for the recommendation, I'll maybe reach out to Eric.

@Chase Keller  Have you gone through the strategy implementation yet?  If so how was that experience? Valuable? To me once I would pay the $4k and then they would reach out and work with a team on developing a tax strategy/plan.

I'm looking into some better guidance into tax planning and a new CPA as I grow my real estate business.   Has anyone worked with Tom Wheelwright's ProVIsion or now Wealth Ability?  I had a consultation with them and have read Tax Free Wealth and think they would definitely be able to help me.  Sounds like its a $4k tax planning fee and then they do your taxes as well for an additional fee.  Looking for experience with these guys or other suggestions to look into.

Quick Bio:

I live in Iowa and currently have an LLC with rental properties, farm, sell insurance, and have a w-2 job so I just feel as if I'm in need of some good tax planning but also a CPA that has had experience with farmers.

@Jennifer Ward Great breakdown!  I have been looking into a lot of the same markets you just listed.  For me I think Indy is the best fit. 

@Dave Foster  Thanks for the reply!  I currently have one home that was sold on contract this past summer, I'm figuring if anything can be done it will be difficult with that one.  

I currently have another deal in which we have a buyer wanting to buy on contract from us and it got me thinking as to how or if a 1031 exchange could work in this situation and what type of capital gains I would be looking at.

Current deal is pretty similar to our one this summer.  As of right now would be looking at selling a duplex for 55k that we bought for 40k this past year.  Buyer does have 10k to put down and we would be looking to take that down payment to immediately put into another property. 

@James Martin  I would be interested in your investing map of Memphis

Curious as to how a 1031 exchange works when selling a house on contract.  If I sell a house on contract when does the 1031 exchange actually take place?