Tom McDaniel
Partnership LLC Sells Rental, Invests in DST, Closes LLC, Can DST be Distributed?
2 Person Partnership LLC (Form 1065, K-1s to Partners) owns Rental Property which is planned to be sold. Proceeds to be used for 1031/DST, LLC would then be owner of record for 1031/DST.
Plan to close LLC in 2024 or...
Justin Wilson
Moving an LLC from MA to OH
Hello,i currently have an LLC based in Massachusetts with property in Ohio. I would like to move the LLC to Ohio to lower the tax burden. I called both Secretaries of State and found out I would have to register wit...
Tim Geraghty
Getting equity
Last summer i purchased my first rental house. It needed a complete renovation. now there is a tenant in the house. I now have 80K in equity in the house that i would like to get my hands on. So here is the question...
Tanya H.
Tax Implications of Transferring Title OUT of LLC
I want to dissolve my LLC where I am the sole owner with one rental property.
- What are the tax implications if I were to transfer the property to myself?
- What are the tax implications if I were to transfer the...
Alejandro Lee
LLC not needed for rental property
Hello BP! I hope you all are doing great! So a couple of months ago i created an LLC in Cleveland (i live in California), i did so in order to place my rental property and all that. Now that the LLC is created, i deci...
Brenda Whittaker
Hated HOA's! Until I didn't have one, help w/ deed restrictions!
I have two lovely rentals in a community that used to include a rather aggressive HOA. I always considered those associations as nuisances, after all, who needs to be governed more than we already are! Apparently ma...
James Haggard
Should I sell my rental?
My wife and I own 50% of a rental property with another couple. The other couple also has 50%.
They're separated and are getting a divorce, so we're going to dissolve our partnership.
My wife and I are trying to de...
Max Kats
1031 question on multi member LLC
I have been pondering this tax question for some time. Maybe you guys can help me out. If you own a property in an LLC and sell the underlying property who gets 1031 tax treatment. Do you have to purchase the new asse...
Emily Na
Foreclosure Properties in Maine
Hi all,
I am a new investor interested in multi-family homes in Maine (open to a few different areas surrounding Portland). I was wondering - is there a particularly good website for finding foreclosure / REO / shor...
Matthew Irvine
Townhouse, one day he disappeared
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $55,000
Cash invested: $33,000
Sale price: $80,000
Foreclosure deal that I did in partnership with my brother, ...