Joshua Hill
Changing to an LLC
About changing your title to your LLC. I have my mortgage through suntrust. Do I contact the customer service department to obtain this form (guarantee). I need to get my property transfered to an LLC and I am new ...
Antoine Pippens
loopholes for capital gains tax or use 1031 exchange on owner occ
Here is the situation. I have a FHA 203k that is for an owner occupied duplex. As it is getting closer to being completed there is a chance i may be moving to another state for work. I was already debating on rentin...
Jeff Matthews
Quitclaim deed question
Can you Quitclaim deed a property from one LLC to another In Nevada? (or most states ) If so what is the best way to handle the tax implication? What interest or taxes would i have to pay for something like that ?
Noah Laker
TAXES: Divorced client wants to sell
I'm a broker and property manager in Sacramento with 100+ Airbnb properties in my portfolio. Today I had a new situation and obviously can't advise on tax/legal matters, but hoping to get some insight from the communi...
Eric Cunningham
Seller Tax Liability
Wholesalers,How do you explain to the seller the fed/state tax liability that comes with the sale of their home (assuming it's a second home - not their primary residence)? Since most sellers are hoping for a quick ca...
Anthony Buonanoma
Questions about capital gains on property that sat in probate for 5 years
Hello, this is my first post and I'm hoping someone can give me a bit of advice. I had a relative pass away in September 2016 and they left several family members properties. I was left a paid off condo in Margate, FL...
Richard Tibbetts
1031 exchange help near amesbury ma
Never complete a 1031 exchange, looking for help near by. (Amesbury MA)SituationMy 3 family has an accepted offer of $660,000 (pending bank approval)I paid $380,00 and owe $336,000.I have 56,000 in depreciation that ...
Olivia C.
Charitable Remainder Trusts - tax strategy opportunity
Many of us plan to leave a good portion of our estates to charities. Charitable Remainder Trusts can be good vehicles for this while reducing taxes. Here are two articles I found. Link to original article at the ...
Ben Garrison
17 unit deal: Seller wants to carry the note
Hi all, Big Ben here in Chattanooga.
I'm in talks with the long time owner of a 17 unit apartment building, 1bdrms and studios. He owns it outright and has taken all of his depreciation. Grossing around $7k a m...
Dan Shoemaker
Set Aside for Taxes?
Gang,
I have a rental property I am planning to sell. I'm expecting to clear between $38k and $45k. I have owned it for over two years. What percentage should I be setting aside for tax purposes?