CPAs and others,
LLC if you have assets to protect.
Don't hold property in a corporation.
BUUUT -
What about the multi-entity model of an operating corp with SMLLC holding companies?
Does the transfer of an LLC...
Looking for some insights into tax implication (if at all) of transferring a property from one LLC to another. Some more details:-Old LLC owns a bunch of properties, has one shareholder. -New LLC owns nothing yet, and...
I'm buying a commercial property with my business partner using his parent's HELOC as short-term financing. The purchase price is $230k. The heloc is 4.25%. We are paying interest only. What are the tax implications f...
Hi everyone,
I have a few questions regarding the tax implications of flipping a property in Florida:
1. What are the differences in tax rates if I hold the property for less than one year versus more than one year?...
Hey there community!
I'm closing on a property tomorrow and I'll be inheriting a Section 8 tenant. I always like to think about possible "What If" scenarios and it's got me thinking. I ponder, how would it af...
For those of you who don't want to know about me and instead want to get to the point of this post move on to "2".
1.)
My name is Lukas Zupan - I'm a real estate investor in OKC, and I also own a RE photography bus...
I haven't seen anything in the forums less than a year old about this, but here on phoenix I hear a commercial for Offerpad/Opendoor perhaps 4-5 times a day. Always kinda figured they must lowball quick cash offers an...
Every month I carry cash to my bank branch to pay down the balance of my mortgage, I've been doing it in the last 6 months, because I happened to have cash.I know if I do the same thing to my checking account, it coul...
I am selling a home that I have lived in for the first two years of the last five year period. During the most recent five years we have been renting the house out. What are the tax implications for selling the house?...
So I bought a large 4BR home with the intention of living in it. Long story short, my relationship with a woman and her kid didn't work out, and I was left with the home. Bought the home $60k under market value due to...