My husband and I recently got into this. We acquired one property in Alabama at a tax auction. Google search shows the property owner at another address has been deceased two years. Wife still lives at other address a...
I am a buy and hold investor. I recently just put another contract on a property with a very nice chunk of equity in it. Although I was initially just looking for a rental, I think I may want to sell this one in the...
Hi. I have a rental that I'd like to turn into my primary. NOT to avoid capital gains and then sell it after a couple years. This would be turning it into a primary and living there probably the rest of my life.So my ...
In podcast #246 they talked about owner financing. They said it could help the seller avoid capitol gains and move along their decision to sell. Is there truth to this? If so, why are there not mass amounts of people...
A prospective buyer wants to get a non-confirming loan (due to attractive 7 year rate). But they want to pay 10K less in purchase price as we are splitting some remodel cost. If the purchase amount is reduced, that wi...
My understanding of the new IRS regulation to take effect Jan. 1, 2014, is that the "safe harbor for small taxpayers" regulation will allow qualifying taxpayers to avoid having to determine whether an expenditure ...
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...
I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses. I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...
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?