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28 August 2021 | 8 replies
Due your due diligence on everyone involved in the transfer.
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31 August 2021 | 1 reply
I'm seeking recommendations for a good CPA and tax planner/advisor in Iowa, specifically someone with experience in rental property ownership.
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24 October 2021 | 17 replies
The exception to that rule is you don't need a license when you have an ownership interest in a property.
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29 August 2021 | 4 replies
You can, in most cases, take that 5-year appliance depreciation and more on rental properties all in the first year of ownership.
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30 August 2021 | 5 replies
Check utilities if they transfer with the property.
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30 August 2021 | 6 replies
If your goal is to transfer the entirety of the funds into a bigger property, it might make more sense to remove your tax liability via the above strategy rather than 1031ing and kicking the tax liability down the road.
2 September 2021 | 4 replies
Here is what I learned for future reference and in case is useful to others:1) When buying a property that has Section 8 Tenants, new owner will process the change of ownership one the sale is complete.
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7 September 2021 | 8 replies
Transfer all of these properties to a non-recourse loan and hold.
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30 August 2021 | 1 reply
Assuming I do all the registrations and biddings right, It is a few thousand tax, plus all the listed transfer costs etc.