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20 May 2024 | 28 replies
I have a piece of real estate owned by an s-corp (of which I am the sole shareholder).It has appreciated substantially in the decades that I've owned it.I would like to transfer it to an LLC (of which I would be the sole member).But, I want to make sure I don't trigger the recognition of a capital gain.How can I do that?
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21 May 2024 | 34 replies
So she stepped into a fully functional office/ patient base and my purchase included all the equipment fixtures everything which of course gave me substantial accelerated tax bene's.. its a NN lease so I only am responsible for the roof and exterior ( roof was 5 years old and with no hail in this area it will last long time).
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17 May 2024 | 4 replies
Seller can substantiate that he paid the contractor far in excess of the work done, but I want to be preemptive on this if I can, despite the fact we can show the invalidity of any mechanic's lien from this GC were it to be filed.
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17 May 2024 | 4 replies
Currently she is on gov. assistanceI know I am going to need to speak with a lawyer on this but my question is, is there a way to avoid tax implications if we do combine households, due the substantial amount of equity that is in the property.Any ideas or input would be welcomed.
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17 May 2024 | 9 replies
@Basit SiddiqiAgree for example would you rather have 13% net but deal levered 75% or a deal no levered at 8% net.On a 100k investment I would take the 8% deal every day as I will gladly pay an extra $5,000 to reduce my risk substantially since in option 1 the deal can go to zero in option 2 realistically it would be really poor management if it lost more than 10-15% of your capital.
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17 May 2024 | 5 replies
Of course, since they put down a substantial option fee they are more likely to keep the property nice.
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16 May 2024 | 2 replies
They then decide if they are willing to list with the agent.If you have substantial capital and can close quickly, with cash, no inspection you might be able to do what you are suggesting.But a bank is incentivized to get as much as they can, with the least amount of hassle and they will believe their real estate agent before they believe you on numbers, closing time, availability of funds.
17 May 2024 | 13 replies
My goal is to continue earning 10% CoC in buildings that will appreciate substantially by the time I retire (~30 yrs from now).Any advice would be immensely appreciated!
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16 May 2024 | 8 replies
For instance, zip code 13210 shows a substantial rental market with higher median rents, especially for larger units.
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16 May 2024 | 7 replies
The reason for this reduced value is because the buyer pool is substantially smaller.