Ricky Sanchez
Best options for 1031 exchange when title is under LLC
29 January 2025 | 2 replies
I'm seeking advise from people who may have been down this road before on whether we should seeking other financing methods to go LLC to LLC or quit claim the lot back to our personal names to satisfy the 1031 exchange rules.
James Boreno
Do I have to pay Capital Gains?
27 January 2025 | 6 replies
For a rental property, the gain is subject to capital gains tax (15-20%) and depreciation recapture tax (up to 25%) on any depreciation claimed, unless the proceeds are reinvested.To minimize taxes, consider reinvesting the sale and insurance proceeds into another property under §1033 or converting the property to a rental before selling to claim depreciation deductions.This post does not create a CPA-Client relationship.
Melanie Baldridge
!ualify as an RE Pro
24 January 2025 | 0 replies
You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.
Scott Trench
Plotting the Relationship Between Social Media Presence and Real Estate Fund IRR
30 January 2025 | 6 replies
The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.
Sharma Parth
Feedback on company Offer Geek in Flint, Michigan?
21 January 2025 | 14 replies
Became very unresponsive very quickly, did not complete agreed upon work, made false claims about capacity and what they would do, etc.
Lauren Ruppert
How do you get a spouse's name off of the property if divorcing?
25 January 2025 | 5 replies
The wife can get her name off of the property by doing a quit claim deed to him, but that does not get her name off of the loan.
Patricia Andriolo-Bull
Thoughts on Host Tools
24 January 2025 | 10 replies
This place has terrible customer service.
Armani Pimentel
I'm a 16yo trying to learn wholesaling to start when I'm 18
27 January 2025 | 4 replies
The programs that claim high success, over and over again, are the ones that appear on these forums a few years later with students making claims about misrepresentation by the programs.
Tonya English
Launch Your Leads Scam
27 January 2025 | 65 replies
They claim they do all of the marketing, connect with the leads, negotiate the deal, and close it.
Bobby Paquette
Turnkey Multifamily with SCDC Investing ?
21 January 2025 | 5 replies
No, I've not invested with SCDC, and it's not likely I will without evidence they can do / have done what they've claimed on their web site.