Investment Info:

Single-family residence fix & flip investment in Columbus.

Purchase price: $89,900

Cash invested: $34,000

Sale price: $165,000

Fire-damaged property qualified for a new const...

First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC.  She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...

I have only done one 1031 exchange. We have 7 SFH in Ky leased to tenants and want to move our investments to Fl. The homes are free and clear. I just stumbled onto this site and want to start learning how to do the o...

I am in the process of hiring my own team. I used to have GC's or subs quote per job but I would thought I could save some money by paying a crew a hourly rate.

Example:

2 Do Everything Employees

...

I was talking with the guy at MySolo401K about trying to open a Solo 401K. I have a Sole proprietor LLC since 2009 where I was doing consulting and training. My business did really well, but almost 2 years ago, I star...

Thoughts on holding a property in a US LLC which is then owned by a foreign entity for asset protection from lawsuits?

Question on Gifts and taxes. I have a client, whom has parents willing to gift ~$100k. I understand that the annual exclusion per year is $14k; could you help me understand what this estate tax lifetime exclusion is a...

Or do you just pay it when you file your taxes? I know for state excise tax escrow pays the state out of the proceeds. What about federal capital gains taxes?

Hi All- I have a question on Loan Assumptions for a commercial loan. I have a $2.45 million loan at 3% interest only. It was for 5 years with 3 years remaining. We are thinking about selling our building after 10 year...

Investment Info:

Single-family residence buy & hold investment in Miramar.

Purchase price: $215,000

Cash invested: $22,000

1/1 condo..was my primary residence.. due to job opportunity had to turn...