I bought my townhome in March 2021 and will have lived there for 2 years in March 2023. I plan to move to be with my husband (military) in December 2022 and rent out my townhome starting January 2023. I hope to rent o...
Hello everyone,We recently started investing in real estate in 2020. We are buy and hold investors and currently have 2 doubles in the cleveland area. We got into investing for it's wealth building annd tax benefits. ...
My partner and I currently own and operate an LLC that owns and manages several residential rental units.We were recently approached by an individual who wanted to invest in real estate. We formed an agreement that my...
I am working with a seller on a property he and his sister inherited many years ago. I want to ask the forum if there might be any tax benefit if they don't receive all the proceeds in one year, but stretch out and ge...
I am new to Short Term Rentals and working with a partner to build our first rental cabin. How can I still benefit from taxes for 2021 if our cabin won't be done until 2022?Quick background: My partner is fronting the...
Hi all,I'm planning on converting my primary home into an LTR. I've lived in it for 21 months... I believe there's capital gains tax benefit (when I sell the house down the road) as long as I have lived in the house f...
Hello All,
Any opinions on whether or not there are any tax benefits and savings when purchasing a Multi family as an LLC vs Limited partnership or personal entity?
Hey investors! Let's talk about leveraging tax strategies to optimize your real estate investments. From deductions for mortgage interest to depreciation benefits, there are numerous ways to minimize your tax liabilit...
Ex. Owner occupied duplex in Sacramento. please speak English...thanks!
I went to a REI seminar recently and heard some new info on how to set up LLC, S-CORP & TRUSTS. The guru was saying to have your llc under an s-Corp for multiple reasons. 1. It provides layers of liability protect...