Total Tax Liability:So, you’re looking at a total tax bill of $20k (recapture) + $22.5k (capital gains) = $42.5k.Funny thing is, I had a client back in Phoenix who was in almost the exact same situation.

Even as a seller focused or listing broker, providing investors with live mortgage rates, programs and accurate resources has proven essential to maximizing transactional incentive and client conversion throughout the years..Although I've never actually executed dual duties on any single transactions (and don't think most investors want to entrust that responsibility to a individual party - nor would I want it!)

I as well as my clients are investing in Greater Cincinnati.

California does not recognize series LLCs.Additionally, you'll want to consider long-term planning and whether a vehicle of that type does anything for you in terms of inheritance & estate planning, including property tax savings.These are all things you will want to discuss with your attorney and CPA.

*This post does not create a CPA-Client relationship.

Include all your evidence and any relevant details about the property.Appraisal Process: If your request is approved, it might impact future appraisals positively, as the property will be officially recognized as a 3-bedroom.Risks: While there’s generally little risk in disputing the classification, it’s important to ensure that all changes are accurately documented.

I actually worked with a client in Phoenix not too long ago who was in a similar boat...trying to transfer their loan to a buyer looking to use the property as a primary residence.

Even if the deal is off market I dont ever mind sending comps to my clients, it takes like 5 mins. 

*This post does not create a CPA-Client relationship.

Hi, welcome yes, Ohio is a good place to invest in real estate my clients from all over the world would agree if you have any questions feel free to reach out.