Hello,My husband and I are selling a rental property that is currently held in our name. The bank won't let us move it into an LLC without a full refinance.  We had hoped to use the proceeds of the sale in a 1031 Exch...

I have two questions hoping y'all can help me out with. 1) I'm purchasing a multi family property in my personal name. Should I set up an LLC to manage the property? (For ease of separating expenses, write offs, payin...

Hello - I'm new to posting to BiggerPockets, so please let me know if this should be posted to a different area.We moved to TN, and have decided to close our LLC in Michigan. The last property under the Mi LLC will be...

I have done about 10 of the 1031 exchages in the past at the personal name and ssn. Is it possible to do the 1031 exchage for LLC and INC too? I would like to transfer my personal portfolio to the LLC or INC and then ...

My wife and I are currently in the process of creating a trust which will hold all of our long term rentals. I am also looking to sell one of my out of state properties. I contacted my exchange company to set up my 10...

Hello!My husband and I own a multi family property in Los Angeles.  The front house is 3bed/2bath with a converted garage and the back is a duplex, 2bed/1.5 bath each that are both tenant occupied.  We want to sell th...

I just moved my SFRs out of my name and into individual LLCs. For one property I want to do a 1031 exchange. Does my LLC have to hold the property for 366 days before I can do an exchange? I've own the property for 27...

Aloha Investors,I have a Tax Question ...I just started an LLC on November 16.  Can I change tax election?  Change from Disregarded to S-Corp.  I haven't done any transactions yet.  Thank you in advance,Mike

Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...

Will sell with a profit of $200K under wife and husband names.

1) $200K at about $3k tax.. not too bad...  shall better to do 1031 or just pay tax?
2)  How much is the fee for doing 1031?   $1000?
3)  The sold p...