Diane Perry
Please Stop Calling My Sick Grandmother!
2 February 2025 | 4 replies
It's land where I built condos and obtained a C/O March 2022.
Eric Smith
1031 exchange with a related party
1 February 2025 | 3 replies
@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).
Dyllon G.
Rent Guarantee Insurance
29 January 2025 | 6 replies
I purchased a 3 family in Newark NJ in March of this year, and am curious about looking into this form of insurance as a way to further protect myself.
Ryan Bono
Multi-Family in Little Rock Arkansas or Columbia SC
22 January 2025 | 10 replies
We are going to Little Rock in March and I will definitely place my eyes on something before we buy it.
Mark Sullivan
Add to the Portfolio or Swap
20 January 2025 | 12 replies
Quote from @Mark Sullivan: Quote from @Tim Delaney: One missing piece of info here is how much cash you have available to invest at the moment.My initial thought was sell LLC B and hopefully you have a few hundred thousand available on top of that to buy the new building.
Kai'ler Sato
6 month lease
2 February 2025 | 0 replies
We’re planning to rent out our fully furnished 3-bedroom, 2-bathroom home in Phoenix-Metro area from March 1st to August 31st in the future.
Cory St. Esprit
Would you renew?
30 January 2025 | 21 replies
Tenant has been there 10 months and lease is up March 31, 2025.
Mike Hansen
Tax assessment appeal
2 February 2025 | 3 replies
You prpobably don't care about Ohio, but their requirements might be instructive.You can only file January 1 through March 31.
Joe Binkowski
506(c) Syndication(s) Secret
27 January 2025 | 18 replies
So I'd need to figure out an agreement/return between A and B, and then I'd need to figure out an agreement/return between (A&B) and C.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
Quote from @Nick Am: @Brett SynickyAnswers and thoughts below in Bold--> I am trying to setup a management company (LLC-B) and charge LLC-A management fees.