David Burton
Stuff I should ask my lawyer about (wholesaling)
So, I’m going to meet with a lawyer in about 2 hrs to get an estimate on how much the two contracts might cost and am planning to ask a few questions about what’s legal. I’ve gained a lot of knowledge online about who...
Cheri Lynn
Oppurtunity Zone Advice
Hello, I am not an experienced landlord/ investor. I made huge capital gains this year due to selling a condo in San Francisco. I'm just now finding out about his opportunity. I wonder if anyone can help me?
1) Is it...
Patrick McGarry
Private Lending - tax implications
I am loaning money to a company that buys, remodels, and sells homes. I am wanting to structure the deals so that my lender profits are capital gains as opposed to interest. Have I been successful?For example, I loane...
Matthew Ficorilli
Buying real estate to offset other businesses
I have a general question about business and real estate. I keep hearing places that people often buy real estate to offset other businesses. Is this just for tax purposes? I need some more detail on this subject. Tha...
Michael Finkelshteyn
Clearing title with dead trustees and heirs
I've been working on a deal in Texas that seems to have reached a dead end and I don't know what else to do. I was contacted by the seller who did not know if he had equitable interest in the house due to the situatio...
Bryant Fong
Schedule K1 state income taxes in no-income-tax states
I know that I will have to file state income taxes due to the various K1's on RE equity deals. But, some of these investments are in states without individual income taxes. I am investing as an individual investor a...
Julio Gonzalez
11 ways to lower taxes when selling your property
Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...
Iggy Garcia
Primary residence bought and sold within a year in Texas
I bought and sold a property in Texas within 9 months creating earning a substantial profit along the way, what is the best way to defer or reduce paying capital gains taxes?
Kevin Zou
Does depreciating house on tax return lower borrowing power?
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
Jeremy Wehrly
Rental Equity Tax Choices to pay off personal property
Hello everybody, I currently have a SFH rental property in Washington State with about $250K in equity. I am wanting to sell this property to pay off my current personal residence. I understand capital gains tax wil...