Thomas Witchard
Capital gains on earnings from sell of an investment property
Hi, need some help. My wife and I just sold an investment property we owned. We were not aware that discussions for a 1031 exchange was supposed to happen prior to closing on the property. This said the earnings fr...
Matt Walden
S-Corp Conversion to LLC Help
When I first started out about 15 years ago my business partner put two properties into an S Corp. The two properties are owned outright no debt. My question is how can I convert this into an LLC? I realize now it ne...
Paul V.
Denver top in nation for rent gains, outstripping income gains since Great Recession
https://www.denverpost.com/202...Metro Denver apartment rent inflation has outstripped income gains by a higher margin than in any other major city in the U.S. since 2009, according to a study from Clever Real Estate ...
Rick S.
Capital Gains Split on Sale of Rental
A partner and I are selling a rental SFR. We own it 50/50 and have reported all income, expenses and depreciation on our tax returns 50/50 since we have owned it. We would like to split the sales proceeds 70/30 to giv...
James Lee
1031 Exchange Build to Suit
Hello all, my family is planning to do a 1031 exchange where we sell a multifamily building we own in New York, to buy a piece of land in Texas and turn it into a manufactured home community. Funds from the sale would...
Jesse Mccullough
renting from yourself
are there any benefits to moving your personal property into your LLC and then renting it from yourself?
Anthony Dupre
Why would someone sell and rebuy his house way bellow market?
Can anyone explain me how someone sells his property for way bellow the market? Is it legal ( the house should be at 1million $ to 1.3 M $)? See picture attached. Why would someone do that? What is the main purpose, r...
Account Closed
Tax on Gain from Sale of Real Estate
Looking to purchase a lot and build 2 or 3 spec homes in the Houston area. I'm wanting to understand the tax situation if the property is purchased, the homes are built and the first home on the lot is sold over one y...
Josh Thompson
Buying a single family property with tenants renting rooms
So I’m ready to submit an offer on a single family home using a 3% down loan. The issue is that there are currently 4 tenants renting bedrooms individually. I’m not sure if this is legal but my agent is telling me tha...
Ron J.
?Does the new HOA law affect liens placed on properties before it took effect july 1st or only after
Does the new HOA law affect liens placed on properties before it took effect july 1st or only after.
http://www.floridacondohoalawblog.com/2013/07/articles/qa/new-hoa-laws-effective-july-1/