Make sure you leave that new LLC as a disregarded entity, or if you bring investors on with you, make sure it’s taxed as a partnership (subject to Subchapter K).The only way to mitigate cap gains would be if the property appraised very close to its net tax basis.The other strategy at your disposal is to dissolve the S-Corp in the same year (though you really need to be in-line with your CPA on this one)… you should have more tax basis post- deemed sale, and that basis would help you achieve a capital loss on dissolution of your corporation.Talk to your CPA my friend!!

Hi, Ohio is a good place to invest in real estate and overall, it is your choice but, I always like to deal with professionals when it comes to investing in real estate.

I do not have a choice at this time.

If not the county should be close to auctioning it off if they haven’t auctioned off the liens already.). 

You should have verified that it was fixed prior to closing.

You are right--you need to close the title in your LLC. 

This is my first business venture, and I haven't closed any deals yet.

white isn't my first choice when I update rental units.

Hello,My friend is moving out of state and I am looking to purchase their home. They currently have a conventional mortgage at about $800 a month (3.25%). If they were to sell it on the market at a higher price and in...

From my perspective, the new builds are so competitive with both the prices, closing cost assistance and rate buy-downs that they are a clear choice for anyone looking at turnkey options.