Have two houses purchased, one for my parents to live in (will not be making much money on this one yet) and just purchased our second, this one will be the first official BRRR. I will let you know how it all goes.

Single you get 250k exclusion of taxes, married 500k exclusion of taxes on profits.https://www.irs.gov/taxtopics/tc701 

It's full of bookkeepers, tax pros, CFOs, etc who all specialize in serving REIs.

I have a capital gain taxes question:if I sell my home for 510k and provide the seller 10k seller credit towards escrow costs, would I be paying capital gains taxes in California for that additional 10k?

I have been digging into the 2025 Trump tax proposals, and the more I look at them, the more it seems we’re in for a complex market shift—especially for real estate.

.: Hello,Will there be transfer tax in memphis if there is a quit claim deed done on a property owned by an individual to an LLC managed by the individual?

I've met some very highly specialized experts in low income tax credits, corporate accounting and tax, as well as tax resolution. 

I agree with just paying the tax and don't try to force something that might not be a good fit.

.: What are you hoping to get out of the extra time, work and costs of having the LLC?

@Chris Schwartz I see, because in your example the profit would be 40k non taxable to the seller, the taxes shouldn't be an issue when distributing to family members.