Wayne Littrell
Joining an existing S Corp
I plan to complete a cash purchase of a property with personal funds, closing it into an existing S Corp that I would be joining (Illinois), which right now has minimal assets. As I am new to the business of real est...
Justin R.
Issuing 1099s or K-1s
A couple years ago, I bought and re-positioned a small MFR property. I allowed two extended family members to participate and invest some capital in exchange for a minority share of the property. This was documented...
Cody Anderson
Section 1031 and 121 Hybrid
I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (a...
Hegsdery Gret
transfer to lan trust
there are different documents when you want to buy property in a land trust. what is the document which you should use to transfer property fron the grantor to the beneficiary . what is the document to use when you ha...
Jarod B.
State of the Union.....
Curious about what others think about how 2017 will be for real estate investors? With the housing markets booming around the country, the stock market hitting record highs, and a new political administration in the W...
Susan Roach
How to set up a group investment.
I am looking to buy some rentals with some family members and would love advice from others who have done deals with partners. Some members have been doing the research and finding deals, some have construction exper...
Priyanshu Adathakkar
Year end thought: Duplex/Multifamily cons:
Possibility of higher repair costs: i.e. an overflowing bathtub on a high floor may require repairs to several unitsHigher turnover rate - turnover is costly because property must be cleaned and repaired, plus the l...
Neil Narayan
Leander announces plans for $1B mixed-use development
Leander Springs, a 78-acre, mixed-use project with retail, restaurants, entertainment, hospitality, office and residential components, is coming to town, Leander Mayor Troy Hill announced Oct. 15.Located at the southw...
Jody D.
How long does UBIT apply?
For a debt and SDIRA financed property a proportional amount of the rental income is subject to UBIT. Is the debt financed portion of the rental income subject to UBIT only during the period the debt is not completely...
Rick Im
Tax deduction of finished below-grade basement
A 2,000 sq. ft. single-family home with a 1,600 sq. ft. finished below-grade basement is currently on the market for sale. I am considering using the entire basement as my new home office (given my job, I need a large...