Madison Sobol
House Hack in Frankling Park Austin, TX
28 January 2024 | 13 replies
There's also the ability for investors to invest in these areas via a qualified opportunity fund which has a lot of tax benefits.When you sell a property, there are usually some tax advantages if you've lived there 2 of the past 5 years.
Pablo Avila
Follow these simple steps to get your first wholesale deal! (Advise)
28 January 2024 | 5 replies
.- Vacant Houses- Empty Nesters- Tax Delinquent- Code Violations & Others (Probates, Pre-Foreclosures, water shut-off etc.)2) - Skip trace the list (you can use any providers)Here's some reputable ones that I've used:Batchskiptracing or "dataskip"If you're dealing with probate or if the primary owner is passed onSkipgenie (For manual individual skiptrace, these will also show the relatives of the person ).3) - Call the list - Pick up the phone and dial those numbers.You can use Calltools or Readymode (Whatever youre preference is)Cold calling is too hard for you?
Shane Woolsey
Investor payout problem
28 January 2024 | 5 replies
So its a modified A for me ( consider taxes / with holdings ).
Logan Turner
Can I personally purchase a house from my LLC
28 January 2024 | 40 replies
I have successfully funded a purchase from a Scorporation (files 1120S tax return) owned property by a borrower with 25% down payment (investment/non owner) from funds in other personal accounts other than the scorporation's accounts.
Tony Pellettieri
Scaling Strategy using BRRRR/DSCR/HML - Please Advise
28 January 2024 | 3 replies
Doing so would trigger the need to pay Taxes on gains, additional closing/agent costs to sell our properties, and provide no residual income or capture of any benefits related to holding a property in a high growth area.
Alvaro Rodriguez
Moving a house to an LLC
28 January 2024 | 6 replies
If vesting changes, you can also lose your tax free gain when you sell.
Yoav Rosenblat
Property Tax reduction
25 January 2024 | 2 replies
I have a property in Miami-Dade county that I am attempting to reduce the property tax.
Chris Loy
Conveying townhome into a multi-member LLC
27 January 2024 | 2 replies
So basically, your parents shouldn't face any tax consequences as long as they're just contributing the property to the LLC and not selling it.However, it's important to be aware of the potential for reassessment of the property's value, which might impact property taxes.
Bikramjit S Grewal
Re: Help with fees in closing
27 January 2024 | 4 replies
Intangible Tax to Simplifile2.
Vik Soota
First Post Canadian Need Advice on setting up LLC, Cross border tax and Lenders
26 January 2024 | 3 replies
Tax Advice: What tax considerations should I be aware of as a Canadian investor doing Fix and Flips in the U.S.?