Jo Jennings
Tax implications for deciding not to rent out property
We are in the process of buying our first investment property. We aren't going to do this as a regular thing. Our situation is that we wanted to purchase a home in the area we want to move to in a couple of years and ...
Ellen Xu
Tax implications of closing cost of cash out refinance?
I refinanced my residence last year to get cash out to buy an investment property, so I have two closing costs: one for refinancing my residence to get money out, the other for buying the investment property. Could I ...
Paul Hutton
borrowing cash from my corp.for rental purchases tax implications
I borrowed cash from my canadian corp to buy rentals all cash in the florida market. I will wright up a loan to myself from the corp to an interest rate that will completely offset any tax owing at years end from the ...
Dee Jay
Tax implications: using rental property in LLC for family
We have a rental property owned by our partnership LLC that has been rented out for the past few years. We plan to use this property for our family at no charge/no formal lease for the next few years with the potenti...
Joseph M.
Are there any tax implications to pulling out equity?
Are there any tax implications if you get a line of credit or refinance to pull cash out of a property to invest in another? From my understanding, pulling out cash through a refinance would have tax implications. Can...
Aaron Scott
Tax implication on partner split at sale of property
So I'm going to lay out the situation the best I can and ask advice. First off, I'm in Alabama. Myself and a partner went in as partners on a flip deal, where he bought the house and we split the costs of rehabbing. I...
John Humphries
Help! Tax implications for Canadian resident inheriting US RE
Looking for some legal/accounting advice - I'm a US Citizen/Canadian permanent resident living in Canada. My mother in NC recently passed away leaving me a house in NC (fully paid off) and other investments in stocks ...
Garen T.
Renting a model home to a builder. Lease implications?
Unique situation I've never read about. I have an opportunity to pick up a new SFR at about $100K below new market value. I would take the property, and would rent it back to who I'm getting it from for fair market re...
Justin Siddall
Transferring/Holding/Tax Implications for Friends & Family OPM
Pro'sI am using family & friends OPM for the first time and have questions about the specifics of transferring investors' money and the implications. The OPM is lined up and I'm finalizing my core 4 in my target m...
Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...