Rene Bee
receiving a house as a gift...
Hello,
My mom received a house through an inheritance last year. She now wants to transfer that house to me as a gift.
What kind of tax issues should I be concerned with in terms of receiving such a gift. The ho...
Kim LeJeune
Tax Advice for a "Lease Option".
Hi,
I have a house that is owned fully by me (no mortgage) that I created a lease option on with a lessee. The FMV is about 165k. I received a 15k down payment and am receiving monthly payments of $1578 for so many ...
Jake Mires
Large real estate agent tax write off???
I need to write off about 40,000 in real estate sales income. Does anyone have any tips for larger write-offs that I can take advantage of before the end of the year? I took the entire cost of a new truck last year an...
Sunny Huang
1st Remote STR Investment - 4B2B SFH w. in South Florida
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $650,000
Cash invested: $100,000 (down payment + closing costs)
4 bedrooms + 2 bathrooms single-family home wit...
Julio Gonzalez
Tax Professionals and Taxpayers - Beware of Scammers
The IRS has issued a warning to Tax Professionals to beware of scammers that are trying to steal business and taxpayer information. This could threaten not only the financial well-being of your clients, but also the i...
Martin Sterling
Fundrise Tax Minimization Strategy
Greetings, I want to know if there are any suggested tax minimization strategies when investing in places like Fundrise or Prosper. From my understanding, your returns are taxed at ordinary income rates which is not i...
Tony Ande
Questions for property manager interviews
I am considering investing in rental properties in an area in which I am unfamiliar. One of my research steps is to interview a property manager or two in that area. I wonder if anyone has a suggestion or two of ques...
Adam K.
Wholesaling, Professionals, and Professional Wholesalers
Do you now hold the title of “Real Estate Wholesaler” with a website, google voice number, street signs on every intersection and mailing out 1000 cards a week? Do you have a wholesale deal you have been sitting on fo...
Patrick GRibbin
Hiring a property manager
Hey guys I was wondering if I could get advice/suggestions on questions I need to ask a property manager before hiring them. My partners and I purchased one last year that we are self managing at this point but we wan...
Nathan M kiefer
400k bonus - tax mitigation
If you were to receive a 400k bonus from a w-2 employer what is the best way to legally avoid as much tax as possible?