Kayson Rogers
Should I have my renters pay me personally or have them pay into LLC
28 January 2025 | 3 replies
That could be you personally or an LLC.
Travis Smith
Using real estate for tax purposes only
1 January 2025 | 5 replies
Its only good for tax purposes if its still a wise investments and you do not lose money on it.
Zhenyang Jin
Will personal DTI impact underwriting of commercial loan for 6-units multifamily
27 January 2025 | 9 replies
It is DSCR based and no personal tax returns are required to qualify.
Kyle Carter
Can I use the 1031 exchange to buy my primary residence?
15 January 2025 | 5 replies
@Kyle Carter You cannot directly use a 1031 exchange to purchase a primary residence, as the IRS mandates that the replacement property must be used for investment or business purposes.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price
Jorge Abreu
Creating A Blueprint: Your Real Estate Investment
29 January 2025 | 0 replies
Real estate investment is my future.This amazing voyage begins with setting personal goals and vision.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
LLC-A is a disregarded entity for tax purposes and I report the rental income/expense on Sch-E.
Nithin Kumar
Suggestion for Rental Properties around Phoenix, AZ
28 January 2025 | 11 replies
Do you generally buy new build or old homes for rental purposes
Harrison Jones
The Importance of a Great Real Estate Agent: A Personal Paradigm Shift I
22 January 2025 | 1 reply
The Importance of a Great Real Estate Agent: A Personal Paradigm ShiftI got my real estate license a while back, and I always heard people talk about the importance of "bringing value" as an agent or broker.
Dallas Smith
Selling 2 properties
24 January 2025 | 5 replies
Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.