Good Evening,Scenario In California:You're named Executor of a Living Trust with a piece of real estate, which you find was refinanced multiple times and not put back into the name of the Trust. If you petition the co...
Hi all, I'm not sure if this is the right place to ask questions about setting up a Trust. I'm looking to form a revocable trust to have all my assets in it, I understand that it does not protect me as an irrevocable ...
I classify myself as a real estate professional and understand what that means. I own rentals directly. I invested in many syndication deals in 2019 that generated over 100k paper net losses. Can I write this off agai...
Hi everyone. New to BP & RE. I've been searching for answers among past topics but haven't found one. Most topics are when divorce is happening or already had, not prior.My question is -- are the properties in LLC...
HelloMy mother has over a million in assets and zero debt. I want to help her start planning her estate. I would like to know if she should be consulting an estate planning attorney or a CPA first. I know she wants he...
I purchased a gas station in 2018. Gas stations normally depreciate over 15 years. But I’m using special bonus depreciation to take immediate 100% depreciation for the full cost of the acquisition minus the land cost...
I has just experienced my first DST round trip. The defeasance cost
caught me by surprise. The sale occurred at the end of year 5 causing
five years of early payoff penalty interest. The cost was added to our
...
My mom died on Dec. 18th 2022. I inherited her IRA (traditional) with a balance of around $130,000. She had already taken her RMD for the year, in fact, much more do to medical care at the SNF. Anyway, I took the l...
Hello, I am taking a shot here, I can't find this online If I have a funded revocable trust, can I use it to issue hard money loans for real estate publicly? If so how does it work? Is it legal and are there tax benef...