Amy O'Shea
Exit strategy for partnership
I have a tax question regarding the exit of 1 of 3 partners from a real estate partnership and would really appreciate any input:ABC Realty (a general partnership) has 3 equal equity partners (A, B & C). ABC Realt...
Eric James
Supreme Court ruling on CDC moratorium
News media outlets are all reporting "Supreme Court declines to strike down the CDC moratorium."
However, the National Association of Realtors has sent out an email stating that the court ruled that the CDC does not...
James Jordan
ROC USA resident owned parks
I'm reading about the problems MHPs have in Denver because of land use issues and whatever else planners see in MHP. I found this company, ROC USA, that looks like they're "helping" MHPs become resident owned. Now how...
David Street
Partnership Accounting/Tax forms for STRs
Hi everyone! My dad and I just purchased our first property and have began the process to convert the home into an STR. We created a partnership tax ID and private banking account. We set up the partnership agreement ...
Junji Yokota
Are there any home lenders using business incomes instead
How can I get pre approved for home loan as small business owner? If paying myself little but business is good? Are there any lenders or lending programs you can get per-approved using business incomes instead of pers...
Ethan Cole
Equity transferred between LLCs of different ownership-Taxed?
This is hypothetical:
I have joined a partnership with one other individual to purchase a multi-unit building. For simplicity of argument, I have performed 100% of the maintenance and improvement of the property. My ...
Stephanie Brown
As LP in multifamily: depreciation write off preferred returns?
Most general partners say that the losses you can show after a cost seg study with multifamily will write all all of your income that you received via preferred returns while that property is being held and paying the...
Eric Grunfeld
Tax Implications in Having a SDIRA when Purchasing a Property with Partial Debt
Good Evening Everybody,Does anybody know what are the tax implications if you are making a down payment from your SDIRA on a property that is partially financed with debt?For example the loan on the property is issued...
Chad McIver
Help with tax liability of first successful flip!!
I just received a accepted contract on my first flip, in St. Louis City, MO. Happy with the way it turned out and the profits. Still have to get through inspections.
But List price $99,900, sold for $98,000...
Account Closed
Loaning your own money to your own LLC?
After flipping a few properties and acquiring some buy and holds on my own I opted to start a LLC. However the LLC currently has no funds in the account and the bank told me that if I was to transfer any of my own mon...