Chris Heeren
Owner Deposits & Withdrawals from Single Member LLC
I currently have a Single Member LLC's in Wisconsin that holds rental property. In 2016 I started depositing funds into the LLC from my personal account to help buy properties all cash, after I refinance them I would ...
Jeffrey Fecko
Buying one person out of a property owned by a trust
If there is a house owned by a trust and all three trustees currently have ownership of it. Is there a way to buy out one trustee without triggering capital gains taxes?
Brent Benoit
Seeking Cash out advice!
So a friend of mine who is much further ahead in the investing game than I put the idea in my head to cash out of the first rental I bought in April and take that money, put it into other SFHs like HUD and make more o...
Matthew Curley
Stock market funds to rental property investment
Does anyone know if you can pull money out of the stock market to buy a real estate investment property and avoid capital gains taxes, similar to a 1031 exchange?
Will F.
Investing in So. Florida. What Entity to use? LLC, Land Trust?
Hi so I'm from California and investing in So. Florida. I was by default going to set up a Florida based LLC with my partner.This is a buy and hold, rental income property.How would you go about setting up an entity ...
Joan MacDonald
Last minute capital gains strategy for CO condo sale
Posting for a friend (like, really I am). She needs strategies to avoid capital gains for a sale coming up in a few days. Owner is a NY resident. Subject property is a condo in CO. Sale date: Monday Nov 8, 2021. Owner...
Ashley G.
Verifying tax sale validity
How do you verify the validity of a tax sale? In the case that you do purchase a tax lien or deed are there any measures that can be taken to protect your investment (preservation improvements ect). Also is there anyt...
Account Closed
Change in capital gains tax
Haven't heard much about the change in capital gains tax. Will it affect income property, or just owner occupied?
If Cap Gains on income property is eliminated, does that mean I would not have to pay tax on the sale ...
Tim Hertz
Paying sister and friend to help on rehab
Hello all,I am doing a rehab and I have a sister and a friend I want to hire to help. They will make over $600, but this is more of an "under the table" cash deal. Can I claim $595 (avoiding 1099 minimum) and not clai...
Dan N.
Question about CA Prop 19
Hello,
My wife and I have multiple properties in California (most of which are free and clear). We decided we'd like to transfer ownership to our children so we can help them avoid the new Proposition 19 law that req...