Moises B.
LLCs questions...*roll eyes*
Soooooooo silly question, but I thought I'd ask.The general concept of LLCs I understand, but what I'm struggling with is at which point would you want to classify your LLC as a Corp? The personal tax rate even at th...
Benjamin Molnar
Tax Breaking Point - High Property Tax vs. Value Appreciation
Hi,My wife and I currently own a two-family in NJ near New York City. Due to its proximity to the city, the property value continues to increase. The downstairs apartment generates enough rent to cover about half of...
Jose Luis G.
First home to Investment property
Hi, I was wondering what happens after 1 year when you have a first home mortgage on your property and you want to convert to a rental property. Do you need to refinance the first home loan and take out a new loan for...
Shane Vince
Equity partnerships
Hey guys
I'm looking to invest with a company that finds and sets up huge multifamily deals. Then gets investors to put up the equity for the down payment. The company is called Creative Realty Partners.
Does anyon...
Kyle Doney
Foreclosure Denial -
I have a guy under contract who has tons of liens and judgements against his property. We are supposed to close in 2 days and we just finally have them all (waiting on interest amt for one). They had a nice profit com...
Seidy Lasker
Can K1 losses be carried forward?
If someone had an S-corp with K1 losses but the losses were too much to cover their W2 income, can this be carried forward OR is it better if they claimed less in bonus depreciation to spread their S-corp losses in fu...
Ben Y.
Out of State: Balancing Team Building vs. Diversification
Hi all, hope everyone is having a great start to the week.After reading a lot of posts on diversification, I'd be interested in hearing out of state / remote investors' thoughts on balancing the effort+time it takes t...
Barry Woelfel
Rental property to existing business
Is an exchange from a residential rental to an existing business allowed under the Starker rules?
I own a rental property in Scottsdale that I would like to sell, I exchanged into it three years ago. I’d like to con...
Travis Brizendine
Seller financing discount points, taxable income, or deduction
We are under contract on a property. We have 60 thousand dollars in a 1031. The seller is willing to charge us 30k in points to seller finance the deal. However, we would like 25k back after closing for repairs etc. Q...
Account Closed
Quick 1031 Exchange Question
Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?