Ben C.
Holding for a year vs selling before a year
Hello All!
What are your thoughts on holding flips for just over a year to be able to take advantage of the capital gains tax (vs selling in under a year and being taxed at your ordinary income rate)?
Many people h...
Kate McClinton
Second opinion from another CPA?
Has anyone ever questioned what their CPA told them and gotten a second opinion from another CPA? I currently work with a CPA who does not specialize in real estate tax, and I'm second guessing some of the answers sh...
Toben B.
Lease option needs to be treated as purchase this year
I can find many articles on how to structure a lease option so it does not look like a disguised sale, however I want my lease option to be treated as a sale in the year 2012.
Background: My personal house is for s...
Aj Parikh
What should I ask my CPA
I am scheduled to meet with my CPA next week. What questions should I ask him? . Below is a short summary of my portfolio.2 rental properties in my state (VA)1 in TN and1 in OHI want to create an LLC but I don't know ...
Christian D.
Partner Buyouts/Selling Equity In A Property
Has anyone had experience with selling equity or partner buyouts in a multi-family property?I jointly own a property with a family member (equal ownership 50%-50%). I am looking to possibly sell off some of my equity ...
Leslie A.
Getting confidence back after mental breakdown
I'm probably the only person on here that has gone through this, but I don't know of another forum where I can discuss this. I rent out RVs that people live in. I've been doing it for over 3 years. So, eleven months a...
Jonathan West
Buying an old property in Dayton- Lead Paint?
Hi everyone,Newbie, first transaction, under 25k rental in Dayton OH, minor repairs needed.Property was built in 1915. I was told by the inspector that because of its age, I should assume it has lead paint.As the pro...
Jasmine Slivka
Real Estate Partnerships & Portfolios
Hey everyone! I'm curious to hear from those who have a small real estate portfolio with someone you're not related to? (i.e not a husband/wife team). Wondering how you structured it, and if you have any advice for my...
Norm Chrostowski
Getting your license
As an individual who wants to get well versed in every aspect of REI, do you think it's advisable to get your RE License?
Obviously if your flipping, you'd save on commissions if you plan on listing it.
You'd have a...
Snehann Kapnadak
How Are You Setting Up Your Passive Investments
Hey all, I'm curious to know the how people are setting up their passive & active investments. If I'm looking to invest $X as an LP in Multifamily Syndication A, $Y as an LP in Commercial Syndication B, $Z in Self...