My business partner and myself have been attempting to separate for well over a year, waiting on properties to sell. I want to leave the LLC all together and he'd like to take it over. I refused to "subject to" the pr...
Hi All,Is it possible to avoid capital gain taxes if I use funds from an investment account to BRRR a property and then return all the funds to the account within the same year? What if I leave some in the deal, can I...
Ok, so I'm closing on a townhouse this coming week and the lender I've used (small local bank in that town) has asked me if I want to open a checking account with them. This is the second time in the past month that ...
I am about to list my current home for sale. I am in contract on another property. I have about $50k to $60k in equity on the current property. I would like to roll half of that equity into the new property and use...
Hi everyone,I have a (complicated) question regarding double closing, foreign investors buying and selling properties in the US, and beyond.Due to our current situation (long story), we cannot afford to have extra i...
Hello all, This is a newbie flipper who is about to sell my flipped house.I bought the property with a name of LLC and I have one question while selling it.I assume that I will receive payment for selling the house as...
I am from Melbourne, Australia and need to set up an LLC for REI, Buying and Selling real estate in the US. What are the best states to set up an entity with regards to taxes and anonymity? I would prefer to look at ...
I am selling one of my rentals with seller financing. I normally do not sell but it gives me an opportunity to pyramid up to a multifamily. Here's the scenario and I would like any and all feedback.My tenant is very i...
I have a lead that is considering selling. It is an SFH that he has not lived in for over 5 years. The seller wants to avoid capital gains taxes. I will give him a 1031 Exchange as an option. Anything else?
So I have a good problem...I am running 2 short-term rentals and they are producing a large amount of excess cash which is currently sitting in a business savings account doing nothing.I have mortgages on both propert...