Ron Brady
Capital gains tax on LLC-owned inherited properties?
My wife and I understand that we could give our home to an adult child when we pass away and that our adult child would pay no capital gains taxes on it.
But, we have multiple rental properties owned by our LLC and w...
Phillip Jewell
VA loan
I am a veteran, and would like to save my "first time home buyer" benefits. If I purchase homes to flip through my LLC would I lose those benefits?
Ken Ch
Repair Credit, deduct from listing price or closing cost?
My seller is offering us 12k Repair Credit. The agent asked if we want to deduct it from the listing price or just get it as a credit towards the closing cost.I'm not sure which way will save me more money.Any suggest...
Hannah Walker
Should I move Second Home into LLC
Hi all.Thanks in advance to those who help me figure this out!My husband and I live in SF, we own our home here and recently decided to get a second, vacation home near Twain Harte (2.5hrs) from SF. The plan is to us...
Ernesto Correa
Does renting a room to an adult child qualify as being a landlord
Hello,I am currently renting a room to my adult child and was wondering if this qualifies me to be able and take the tax benefits of a RE "investor".Thanks
Christopher Dunson
Write Offs-AirBnb vs Rental
Hi everyone and thank you for taking your time to help. What are the differences if any to Airbnb Write offs and tax benefits compared to traditional rental or small multifamily rental properties? Depreciation, cost s...
Harman N.
Housing Incentives Policy
Hi all,I read the Columbus housing incentives (article here, PDF of policy here). Does it mean that if you rehab single-family in the Ready for Revitalization (Hilltop, Milo-Grogan, Near East, etc) & Ready for Opp...
Peter Chan
What are some of the benefits I will miss out by paying cash as a 1st time homebuyer?
I will need to find a small place for myself and rent out additional room if necessary. Taking out a mortgage may not be easy since I don't currently have a 9-5 job. Plus, the mortgage rate is still high and I am not ...
Katherine Wiltse
Accelerated Depreciation on a Househack?
Hi BP community! My husband and I recently purchased a new home in Southern Missouri that has a large shop w/ apartment on it. A CPA I met with discouraged us renting it and encouraged classifying it as a home office ...
James Myers
Partnering with vacant home owner
Hope this is the right forum for this question. Has anyone ever created a partnership with a vacant home owner where owner retains ownership of the property and the other person (me) acts as a property manager for re...