Kevin Hoover
Limited partnership to TIC - Can a child get joint property without capitol gains?
1 January 2025 | 4 replies
@Kevin Hoover, with certain types of entities it is possible to contribute property to and distribute property from that entity without triggering a tax event.
Danielle Levy
Filing lawsuit against property management company
29 January 2025 | 20 replies
, do not allow that as you are not the LLC and only a lawyer can represent an entity in court, while non lawyers can only represent themselves in court).
Allison Littman
"Church" Purchase Creative Financing
11 January 2025 | 7 replies
This requires an independent appraisal valuing the property at $400k and proper documentation from the seller confirming the $200k donation.Ensure the church is a qualified 501(c)(3) entity, and consult your tax professional to comply with IRS rules.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
And a PM that manages 10k units as part of the GP entity, with equity invested, will be taken more seriously than a XYZ property management (who manages 200 units total) has said they are open to managing the property when I close.Lastly, even in the "easier" market timing of the early and mid 2010's, most people when they get started are looking at deals for about 18 months before the first one is awarded and closes.
Ankit Lodha
Cash-our Refinance - DSCR
8 January 2025 | 13 replies
Closing in an entity is fine on a DSCR loan.
Timothy Parish
Solo 401k IRA
2 January 2025 | 2 replies
Understand entity structuring and what is best for you, especially if you are going to do flips.This post does not create a CPA-Client relationship.
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
Then, once you incorporate an entity structure, that will play a part as well.Hope that helps!
Anirudh Reddy
Who can claim interest paid on a seller finance property?
28 January 2025 | 15 replies
My understanding is that it adds people/entities to the chain but does not remove anyone.
Greg Strunak
Cash flow/ passive income
30 December 2024 | 6 replies
@Greg StrunakA good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Megan Herrington
CPA Recommendation in ID
2 January 2025 | 6 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.