Will F.
How to pay less taxes? 1 silent funding-1 active proj manager
Hi. I understand with flipping you have to pay ordinary income taxes on the profit.Could anyone explain how taxes would be for a partnership, in which profits would be divided 50-50 in the following scenario: ==one pa...
Patricia Nguyen
Too late for QOF? Opportunity Zone
I'm about to close on a four-plex in an opportunity zone; is it too late to create a QOF? What are the steps?
Chad Hovermale
Lease Options and IRAs
For all of the IRA experts.In your opinion, if I purchase an option to buy a property with funds from my IRA and manage the property during the option period inside of the IRA, would I be prohibited from purchasing th...
Brandon Taylor
david greene's argument for paying down mortgage faster
In David Greene's book "Long Distance Real Estate Investing" (which is awesome, btw) I saw an argument that I didn't understand fully, which is basically "you should overpay on your mortgages to refinance them faster ...
Patrick Sears
Opportunity Fund creation question
Hello,Wanting start an Opportunity Fund to buy and hold SFR property located in Opp Zone. Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started. From the reading I've done it...
David Ellis
Replacement Property bought at less than sold property
I have another scenario to discuss. Before that, yes I'm doing a 1031 exchange and the funds are in the account now using an intermediary. So here is the scenario:Sold Property for $85,500, original purchase price was...
Chad McIver
Help with tax liability of first successful flip!!
I just received a accepted contract on my first flip, in St. Louis City, MO. Happy with the way it turned out and the profits. Still have to get through inspections.
But List price $99,900, sold for $98,000...
Teddy Patrick jr
Question about capital gains tax
I am getting ready to purchase a property in NC using private funds...I am also going to purchase the property for me and my wife to live in...There is about a 50k spread on the purchase and was wondering if I sell...
Tarun Bansal
Investing using SBLOC
Hello,
I've a concentrated stock position and looking to diversity out. I however do not want to sell stocks due to tax gains. Does anyone think it's a crazy idea to borrow against a securities based line of credit ...
Steve Dudeck
1031 Exchange Question
I have a question on what I can do out of a 1031 Exchange. I'll use round numbers to look for an answer from you guys.
I have an investment property that I purchased for 100K with 20% down. I am setting up a 1031 Exc...