I bought an old house in mid July of 2020 in Austin for my primary residence and I have been staying there ever since. I signed contract for another house(new construction) around Austin and planning to move there and...
my family member wants to invest in my next deal but she only wants to give me 30k. its not enough to give them first lien. this is there first time investing. how do i make them feel secure and how would i structure ...
Can I use a 1031 Exchange to sell my rental property and use the proceeds to buy another rental property for cash without incurring capital gains tax?
I will be moving to Tempe, AZ in a couple months, and since there's plenty of college students there, I considered purchasing a fourplex that's close to the ASU campus, taking one room, and renting all of the other ro...
Hi!
I recently went to a RE conference and there was a company there called Platinum Trust Group (platinumtrustgroup. com) that told us about proprietary irrevocable spendthrift trust. Basically, they're saying tha...
I’ve recently been let go from my company due to downsizing. I have around 68000 in a 401k and am trying to decide what to do with that money. Options are leave it in, transfer to another account or pull it out(getti...
Sorry if asked before, but this just came up in conversation and I think I know the answer, but not 100%.If for example I get 700k from a building (A) that I want to use 1031 Exchange and buy a building (b) that costs...
My wife is a realtor (sole proprietor ) and has $0 income so far. I'm a full time employee. We usually file taxes jointly. Can we apply any of her deductions to our combined income? Or will her "business expenses" onl...
Is there a general rule / thought on incurring capital costs and the time it takes for a return. I am looking at converting a 1 bedroom to a 2. If the cost is 7,500 and I would get 100 more per month (6+ years of re...
When the tenant owes money or breaks lease, do you keep full amount?