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Results (10,000+)
Eric Smith 1031 exchange with a related party
7 February 2025 | 6 replies
@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).
Chris Wagner To claim for not to claim??
21 February 2025 | 14 replies
The delivery guy told the local animal control
Anne Christensen DO I need a wyoming trust?
12 February 2025 | 20 replies
There are some types of trusts that bring a lot of protection, but you generally lose control of your assets and they are managed by someone else. 
Matthew Steele Tenant moved out sort of?
3 February 2025 | 14 replies
The benefit is that you can take control of the rental while still allowing them to retrieve their belongings.
Chrissy Grimm Recent experience with PayRange or ShinePay?
31 January 2025 | 5 replies
I'm still in the process of finding an alternative solution but I thought I'd leave this here as a warning for others looking to make a decision.For reference, I'll just post their email response to me here:As we review your inquiry, we would like to remind you of the following key points from our Terms of Use:In no instance shall ShinePay be liable for any of the following:"Lost revenue from service interruptions.Lost revenue stemming from delays, malfunctions of any product.unauthorized gains access to your account or due to shared passwords or if your password is hacked.Destruction to properly, places, or personal injury resulting from the installation, misinstalling, or misuse of any product.Lost revenue from entering the wrong account number for ACH or other bank transfer or money transfers or due to any delay in receiving funds.Damage to your structure, machines or car resulting from use or installation of our products.Any funds collected that are paid to a person that does not own the property.Any harm from defeating the lock and technology that controls the lock to a device.Failure to properly service any product or machine."
Ryan Bono Self Storage Conversion
22 January 2025 | 7 replies
My immediate area, 5200 people, has 3 outdoor self storage and 1 new climate controlled.
Ian Stuart AMA - Agency Multifamily Debt (Freddie Mac & Fannie Mae)
11 February 2025 | 4 replies
Specifically, the the loan guarantors need to have controlling ownership in at least (i) 3 multifamily properties [with the first acquired at least 2 years ago], or (ii) 1 multifamily property that has been owned for at least the last 5 years. 
Melissa D. Just Getting Started
21 February 2025 | 8 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
Ben Corby I messed up buying a property at tax sale in PA
16 February 2025 | 44 replies
.#2 if the owner doesn't want to buy it back, I can begin collecting rent since I control the deed in my name at that point.  
Kay Kim What’s your experience with Wagner Nolasco B2RDirect
21 February 2025 | 182 replies
I am guessing his hands are tied as Norada is simply the marketing company and I am guessing no operational control of Wagner.