Hello,I currently own a triplex in my name and thinking about doing a 1031 exchange to reposition myself into a better investment. For my next investment I am planning to start an LLC and purchase through the LLC is 1...
disregard
I am planning to create an LLC with the Solo 401k trust as the member to provide liability protection when I purchase real estate and some separation of assets within the 401k. Should I elect something other than the...
Hi I sold 2 condos (one 100% owned by my LLC and the other was in my personal name with only 20% down payment and rest loaned a year ago from bank). When i did a 1030 exchange for both of them, i did not realize that ...
Hello,
I have a property on my name for over a year. I am planning to transfer the title via warranty deed to an LLC (which I wholly own) before I sell it. Will that impact my capital gain tax bracket, if my corpora...
Here's the scenario...My wife and I lived in this house for 4 years, rented it out the last 4 and are thinking about selling it. I'm wondering if there are any advantages to putting in an LLC right before I sell it in...
Hey guys,Here's my situation, my partner and I formed an entity call it First LLC which is classified as a partnership when the EIN was obtained. Later we formed another entity call it Second LLC and again is classif...
I have a single family rental home I would like to sell. I would like to use the proceeds as a down payment for commercial real estate (raw land). Can I do this through a 1031 exchange?
I am in a small partnership that is about to buy Property #2. We are organized in an LLC. Two partners would like to add funds to our working capital (from a cash-out refi) so we can acquire a larger property (more un...
Hi BP Community! I hold a number of 4-plexes in my personal name and am considering selling them to purchase a larger multi-family property. The larger property will be required to be held in an LLC. If I am the only ...