Justin Polston
Local bar owner looking to sell, tax implications/capital gains amounts if owner lives in property (and has for 40 years)?
Hi all, I listed a local bar/tavern recently and the owner lives in the upstairs and has for quite some town. When the property sells, what are the tax implications for the seller? There are no liens, mortgages, or...
Armen Zakarian
Using 401K/IRA to Purchase Property
Does anyone have any insight on how 401k and/or an IRA can be used to purchase property? Pros/Cons? Any way to avoiding early withdrawal penalties?
Emily Senior
Do you need to LLC first?
Hi! My dad and I are looking to get into real estate investing together and are wondering what we need to do before we get started? Mostly we are trying to make sure we don't have to pay a lot of extra taxes that coul...
Anthony Sulecki
Moving Money In IRA's - Penalties
Question for a friend of mine. He wants to move his money out of his investment IRA's, without incurring any fees. Is this possible?
I don't know a thing about IRA's.
Nur Al Sharif
Leasing to an Owned C-Corp which then leases to third party?
Hi all, I came across an article detailing why a C-Corp should never own property, but should opt to lease it instead. (https://www.thetaxadviser.com/issues/2018/sep/leas...) This led me to think of a scenario. Not s...
Adrienne Medina
Self Directed IRA for Investing
Hi all! I have had a Self Directed IRA for about 5 years that has just been rotting...zero interest and a 3 digit account maintenance fee deduction every year by the holder. I need to do something with this money! The...
Gary Theisen
Living & Business based in CA - Which State is best for LLC?
Hi all,Here is my information pertaining to my question of which state is the best to start an LLC in:The business will be selling dried fruit.The location of preparation, packaging and shipping of the product is in C...
Rich Engelhardt
Hello from NE Ohio
Hello all!I'm a new member here from the NE Ohio market. My wife and I started with our first rental back in 2002 after we had paid off our house. Without the deduction for the house, our taxes about ate us alive. A ...
Kalene Smith
Ongoing Rental Expenses
I have 3 rental properties and am looking to continue building my portfolio. I have had these for 5 years with no system to manage and track ongoing rental expenses.
For example, one of my tenants feels everything i...
Jonah Walker
Buy now or later- New President
I am looking at a buy and hold investment and quite frankly, nothing in my area seems to cash flow. With that being said, I am wondering what everyone thinks will happen to the market come February. Is it worth gettin...