Some of the ones I've talked to are in really bad situations and being held hostage by their managers who are making it so difficult to get out of their contracts which is forcing them to drown.

In the past, smaller taxpayers such as yourself held a disproportionately higher audit risk since it's a lot faster to audit the little guy which makes their numbers look better.

If it is considered real estate ownership in Florida, I am told that it must pass through probate unless it is held in a living trust.

You both end up with property held in an LLC without losing money on agent commissions, taxes, etc.

Woody's business started at the time he purchased the 1st property or at the time he held it out for rent, because, in any event, the expenses in question here all occurred before the purchase date, i.e., before December 30If the earliest possible date investor was actively carrying on a trade or business was December 30, 2004, then any expenses incurred in that year but incurred “before the day on which the active trade or business” began, all the expenses incurred from January 1 through December 29, 2004--would be, by definition, start-up expenses whose deductibility, and possible amortization, is expressly dealt with by section 195(Start up amortization).

I have a HI rental property that would be better to sell and buy something newer.  Association fees are getting out of hand.  Unfortunately, I now live in Japan and it seems like selling the HI property will attract J...

If you have the cash and the credit and the deal scenario works (meaning the project cost is less than 75% of the ARV) then you should get 80% - 85% of the purchase, 100% rehab held in escrow, at about 2 points with like a 1500 service fee.

If the agreement shows "Joint and Several Liability", they all guarantors can be held accountable for the full extent of the debt, not just their portion.

The property is held in a living trust, could I add my LLC as a beneficiary to the trust as to not trigger due on sale?

They also said they held 2/year but it’s been about 15 months and I haven’t seen notice of another meetup.