Michael R.
Taxes on Sale of Property Held for less than 1 year
I have a few properties I am going to sell. One I have owned almost one year the other 3 I have owned less than one year. They are great properties but I just wanna sell and clear up some debt I have and put myself in...
Lawrence Mastropieri
How many bank accounts for many properties held in separate LLC?
I have read through many of the forums but I have not found a clear answer on the following question.I have 4 multi-family properties that I own with a partner. We have one Master LLC that we both are 50/50 owners of...
Kevin S.
How should investment property be held from an estate planning perspective?
What is the best way to hold investment property from an estate planning perspective and to be passed down to heirs? My CFP told me under person name is ok. Looking to see if there are differing opinions. This is p...
Tyler Divine
*Tax Pro Question* One year clock on new home build?
Quick hypothetical question for Tax Pro's out there:If you have purchased a lot to build a home on, when does the one-year clock start to switch from short term to long term capital gains?Does it start when land was a...
Jason Maier
Foreign Property 1031
Hey There, Good day to all! Is it possible to do a 1031 exchange with a rental property sold in the U.K. with a rental property in the U.S? I’ve been trying to investigate this, and by no means an expert, found this i...
Chris Gawlik
Can i get a Refi with my LLC?
I am hearing a lot about not being able to refi rental property held under my LLC.
I guess if your going conventional refi you need to have the property quit claimed back to your personal name for 6 months before F...
Kyle Baker
My first home purchase
Investment Info:
Townhouse buy & hold investment.
Purchase price: $159,900
Sale price: $245,000
Primary residence for a year then converted to a rental property. Held until early 2022 when I deci...
Kobi Nagar
Fix & Hold Deal in New York City
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $499,000
Cash invested: $120,000
Mixed uses property that includes one store, 3 residential apartments and 2...
John Vietmeyer
Help - VA will only issue a quit claim deed, should I walk?
I'm buying a REO property held by the VA and was supposed to close in 2 weeks. I just learned that the will not provide a warentee on the deed, only a quit claim deed. Not sure if my lender can even get title insu...
Stephanie Windemuth
HELOC on primary to fund down payment for property in LLC
I've heard many people talk about using a HELOC to help fund properties. Although this sounds great, I'm wondering about how to use a HELOC (on a primary residence) to fund the down payment for a property held by my ...