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27 February 2025 | 0 replies
Partner B will get $220,000 + the single wide, while Partner A's heirs will get the apartment building and the double wide.They intend to sell one property ( the double wide mobile home ) and use the proceeds to either pay down the loan or reinvest in another rental property (possibly in another market).To defer capital gains tax, they plan to use a 1031 exchange for reinvestment.Goals & Challenges:Tax Efficiency – Structure the transfers and payments to minimize tax liabilities for Partner A’s Spouse and the Children.Guaranteed Income for Partner A’s Spouse – Ensure a fixed monthly payment of $1,100/month while transferring ownership to the Children.Long-Term Investment for the Children – Build a solid rental portfolio to support future financial growth.Operating the LLC Under New Ownership – Ensure a smooth transition, including removing Partner A’s Spouse and Partner B from the LLC structure.Proposed Plan & Questions for Advice:Instead of outright gifting the 50% interest, the LLC will be restructured so that Partner A’s Spouse retains a Preferred Equity Stake that provides them $1,100/month in priority payments but gradually transfers ownership to the Children.Payments will only be made when rental income is sufficient (i.e., 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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22 February 2025 | 0 replies
Hi - BP has been a tremendous help so far, so I thought I would try out this new question.
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27 February 2025 | 5 replies
If your ARV is actually 380k (you would barely make anything).Finally, the question is how confident are you in being able to do the renovation for $100k.
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16 February 2025 | 19 replies
That's a pretty vague question, and I'd love to help but it depends on what you are searching for!
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17 February 2025 | 61 replies
Now, I answered @Corbett Brasington original question and you didn’t.
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11 February 2025 | 10 replies
My question is what have people used with success to best track their time/investments over the year?
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20 February 2025 | 3 replies
If you have any questions, feel free to Dm me.
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15 February 2025 | 11 replies
My question is, when picking a good market, what are the kinds of things do you look for to determine if it is worth investing in?
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20 February 2025 | 13 replies
From there you will be asked a series of 3-5 questions and then you'll be matched with 2-4 pros in your area.
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16 February 2025 | 24 replies
Originally posted by @Hugh Horner:@Chris Szepessy Absolutely insane what’s happened in Catskill & Hudson - quick question - Do you know if any investor meet ups in Columbia or Greene County?