I know TN has no state tax.Is there any requirement to file a TN return on a STR? I live in SC.Wyoming LLC owns a TN land trust that owns the cabin.My CPA asked me and said sometimes a state return is filed, but I jus...
Hi everyone, I am a newbie out of South Carolina I am looking to seriously start investing in real estate I would like to do some flipping deals as well as buy and hold properties.
I am currently working on my first ...
Sold properties looking to buy using 1031 clock ticking! I have heard if the well publicized Delaware statutory trust (don't love it but better than paying taxes).I was introduced to a less heard or Deferred Sale trus...
How does a Deferred Sales Trust work? Is it better than a 1031 exchange ?
I wish to assume the loan on a rental property I inherited. The trustee says the trust can't be closed because the loan is still under the name of the trust. The bank (wells fargo) is refusing to do this.
A retired a...
I have a question for anyone that has been successful getting their tenant buyers financed.
I have multiple lease option tenant buyers. I hold the title in a land trust with the beneficial interest being my LLC. Th...
So the house is worth $275,000 and the buyer, who happens to be a realtor wants to buy it, and get in quickly. She is having a tough time getting financing because she has been self employed for 1.5 years and not two....
I (a trust) owns an LLC that owns a home (480k value) free & clear in WA state. It's technically an investment home as my dad lives in it and pays the LLC rent. Idea is to use some equity in the house to make a fe...
Hello everyone, I have encountered a very motivated seller in my direct mail campaign, and she is open to creative finance strategies (in fact she prefers monthly income over a lump sum) - this is exactly what I've be...
Land trust holds property, LLC is the beneficiary. Are rents paid to the trust? Is this paas through, on tax return, like an LLC? Property insurance in the name of trust or LLC?
thanks