Frank M.
LLC for vacation home, how to divide percentage between 2 members
Hello,My brother and I are building a vacation home on land that was inherited, and are planning to covert the deed into an LLC when construction is complete. The down payment for the loan is the value of the land , o...
Michael Frank
How to divide multiple houses on the same property into SFRs
Does anyone have experience subdividing units. I'm specifically considering buying a property with a bunch of separate houses on the property and subdividing them in SFRs as I think it will result in an instant overa...
Jenna Meditz
New Development - Building Townhomes - Where to start?
We are currently under contract on a piece of land where we can build 6 attached units by right. Initially, our thought was to keep all of these units on one parcel, held in the name of our LLC, as our strategy is to ...
Luke Spence
House Hacking a Multi-Family Unit - tax question
Hi everyone - I'm looking at purchasing a 3 unit and living in one while renting out the other two. I understand that I can divide the expenses and those that are related to the rental property can be tax deductible ...
Tom ONeil
Mecklenburg County NC Lot Division
Hey all, Its been a while since I have been back, new year, going to try to get on here and contribute more.I was trying to search through the forums but couldn't seem to find what I was looking for, so hopefully some...
Janell E.
Divide parcel with 2 houses and cash out refi or other options
I bought 2 houses on a single parcel of 1 acre lot for $85,900 1 month ago. Rehab is finishing up and they're about to be ready for renting out at $850 and $1000. I put about $30,000 into rehab total. Estimated ARV fo...
Melissa Knox
Tax law on dividing losses on a 50/50 business after closing
We have had a restaurant for 20 yrs and closed last Jan 2016. Our partner has not been active with the business in 17yrs except for taking gains and losses on his half. My husband and I paid for all the expenses for ...
Jeremiah Lee
What type of loan to sub divide acre lot into separate parcels?
I currently have a house on a one acre lot in San Luis Obispo, CA County that i'm interested in dividing into five separate parcels(4 empty parcels 6,000-7,000 sq feet & 1 parcel with the existing house). My goal...
Hozona B.
House inherited 50 & 50 but will divide equal with 7 sibling
My wife & her sister were willed a home 50 & 50 in Statesville,NC. We live in NJ.The home is big 6 bdrms 2.5 bh ranch on double lot, mother & daughter 2100 sqft. The good thing is, we have a great tenant w...
Christian Ferreira
Do you pay Capital Gains Tax on Sale of Sub-Divide Land
Hello Everyone,I recently purchased a property that has land with enough frontage on a side street to legally sub-divide into a build-able lot. Still deciding if I want to build something or just sell the lot. My ques...