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27 February 2025 | 0 replies
., when rent increases to $850/unit).Partner A’s Spouse is willing to forgo payments in bad financial times but wants assurance that they won’t face any tax consequences on unpaid amounts.If Partner A’s Spouse passes away before full ownership transfer, the Children inherit the shares at a stepped-up basis (avoiding capital gains tax).Questions:How should the LLC Operating Agreement be structured to allow withholding payments when necessary without triggering tax or legal issues?
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11 February 2025 | 2 replies
Owning rental properties, including STRs, does not allow you to fund SEP IRAs.
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22 February 2025 | 2 replies
This way, the lender wouldn’t be triggered (since most allow transfers to a trust), but I'd still have the benefits of an LLC.Other options a.
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12 February 2025 | 17 replies
After some research online, I am reading that the cost per square foot on a gut renovation of this nature in Stamford CT is anywhere from $150-$350, which is ultimately not very helpful, because at $150 per sq ft, this is a very appealing project with a total profit of ~$175K (46% ROI) and at $350 per sq ft, it very much isn't, because it would be a net loss of 83K (haha).QUESTIONS:What can I do refine my estimate a bit given that I am not allowed to a formal inspection on the property?
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21 February 2025 | 4 replies
I have not personally tried the Wire feature though.I am an Accountant and use it and refer my clients to it as well, connect with me and I will look to see what the costs are to send a wire, they do allow free check and ACH payments if timing is not a factor.I had a client who used Titan, and as an Accountant I did not like it.
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26 February 2025 | 5 replies
I'm passionate about helping real estate investors maximize their tax savings through strategic depreciation.Cost segregation is a powerful financial strategy that allows property owners to accelerate depreciation deductions by identifying building components that can be depreciated over shorter timeframes.
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19 February 2025 | 0 replies
Syndication was the key that opened the door to exponential development, allowing me to reach new heights in my real estate career.During my own journey, I learned that syndication was the key to growing my business.
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19 February 2025 | 15 replies
A Qualified Joint Venture (§761(f)(2) )allows two spouses operating a business together to not file a partnership return; however the business can't be held as a state entity (§301.7701-2) like an LLC and it also requires material participation by each spouse under §469(h) which can be hard with a SFH.
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21 February 2025 | 3 replies
Since the ADU needs a full gut, ensure zoning allows its use as a rental.
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23 February 2025 | 7 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.