Richard Benjamin Wilhite
How to Find "Cost" Basis for Inherited Land prior to 1031 Exchange?
19 January 2025 | 9 replies
It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
Transferring a property title later could be deemed a taxable gift if it exceeds the annual exclusion ($17,000 for 2024).
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Demand termination of the contract and transfer all documents, funds, keys, and anything else they have to you or the new PM no later than [DATE].
Andrew Katz
What year do I count income for?
15 January 2025 | 9 replies
And people think Ai is going to replace accountants.one can argue that apartments.com is just a processing the payment and not actually holding the funds to transfer out.If apartments.com all of a sudden reverses the payment for insufficient funds?
Andrew Slezak
Quitclaim to LLC?
4 January 2025 | 4 replies
I believe your loan could get called if you transfer ownership to an LLC without consent of the lender, especially a brand new LLC that does not have two years of tax returns.
Kyle McVay
Looking for Property Management Rec.'s
20 January 2025 | 5 replies
@Kyle McVay I self-managed my first 5 units and then transferred all new units to a PM.
Jordyn Ohs
What do I do if my DTI is getting in the way of my next investment property?
16 January 2025 | 7 replies
You could convert them to a DSCR loan but then transfer them to a LLCWhat we have done is save for down payments and renovation costs, - buy properties that need work rehab them and then refinance them out making sure it meets our dti.
Matt Powers
Where to start investing in real estate?
6 February 2025 | 42 replies
I would first look at a place where you can transfer job wise that makes the most sense.
Steven Catudal
Investing in Alabama as out of state investor with a partner
5 February 2025 | 13 replies
Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties.
John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
In my case, my specialty is flipping the transferable residential development rights from resource land such as farm and undeveloped rural-residential multi-acre parcels.