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8 March 2023 | 16 replies
The frequency of double closing, at least in my business, depends almost exclusively on how great our deals are and the size of the fee.
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20 July 2023 | 2 replies
You can only take advantage of section 121 exclusion every two years.
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20 July 2023 | 3 replies
Driving for dollars is a time-consuming and expensive strategy - although, D4D is the best way to build a personalized and exclusive lead list, and these leads often turn into the most profitable and lucrative deals for wholesalers/REI.
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23 July 2023 | 3 replies
IMO, there are other clear factors for which the PM LLC would benefit me, such as converting the rental income from passive to active and making it eligible for the IRS Foreign Earned Income Exclusion as well as a Solo 401k and SEP IRA, while this would add the self-employment tax, it would drop my taxable income considerably.
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20 July 2023 | 2 replies
A few particulars-We live in MT-Married filing jointly-Filed QJV since start of business-Owned property since 07/2019-The property was bought with 2 homes, we added a 3rdand a workshop-All three homes were STR during summer months-We lived on the property all months of the year (Summer in workshop / other times in one of the homes) and the entire time we owned it-Sale date 06/30-Approximate estimated capital gains of $590,000We have filed taxes ourselves since purchasing the property and with the sale trying to figure out the capital gains exclusion along with the business use, personal use and recapturing depreciation…it’s all just a bit too much for us.
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12 February 2019 | 2 replies
While an LLC may be beneficial for other reasons, the California parent-child exclusion is not eligible for property given through an entity.
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9 June 2020 | 5 replies
If they haven't given high value gifts prior, then they will fall under the 5mil (I believe that is current per person) exclusion, which makes everything easier to you, and then to LLCs at a later time.
18 January 2022 | 19 replies
Big Bear is a secluded and exclusive community and I found using zillow and redfin MLS to be an inadequate and inaccessible form of looking for deals fo this particular location.
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7 July 2023 | 7 replies
WikipediaLow crime - High crime and long-term appreciation and rent growth are mutually exclusive.
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27 July 2023 | 2 replies
The reason is that even when loans are "assumable", the borrower looking to take on the existing loan generally needs to qualify just as if they were taking the loan on as a brand new loan and personal loan programs are usually geared exclusively to people not business entities.