Andy Wilson
Primary residential vs rental property
Hi I lived in a property as my primary residential for 2 years and then I rented out for 1 year. If I sell the house now, should I pay tax for the equity gain or the tax is exempt as I already lived for 2 years there?...
Craig McCarter
Am I creating a potential discrimination claim for myself?
I have one rental property - a house that I used to live in for 5 years. Each of the past tenants have been great and I have been very transparent with them - we're looking for the right fit, someone that will take ca...
Donald Torrence
Private Lending vs Hard Money
Here is a problem that I am having with people who are saying they are private lenders. You will hear them say that it’s all hard money. They say this because of the interest rates. Little do these people who say they...
Graham Lutz
Requirements to sell investments in other people's syndications?
Let's say, for instance, I have a bunch of connections with groups doing syndication deals and I have a bunch of interested investors. What are the legal requirements for me to make fees or commissions off of bringin...
Jerry Ellis
Property Taxes Tripple?
When I bought my primary residence, the property taxes went from $1,200 to $3,600 a year. The sellers were elderly and had owned it for twenty or thirty years. I wasn’t prepared and it was quite a shock. I’m looking t...
Martin Robertson
Can I rent out houses through my LLC if the homes are in my name?
We recently set up a LLC, but do not have any properties within it yet. We own two single-family homes and are buying a triplex (conventional mortgage with 20% down) in a few weeks. Do we have to deed the homes in the...
Joshua Delzell
Ginnie Mae & LLC Transfer
Hi all,I am about to move and use my current house as my first rental property. I currently have a Ginnie Mae loan and I would like to transfer title of the house to an LLC. I reached out to my loan servicer to inquir...
Tecsia Evans
Can I personally buy a home vested in my C corp?
We have a new construction SFR project in Oakland under our C corporation, where my husband and I are the only shareholders. We used a hard money lender to fund project. Project will be done in a few months and we dec...
Manuel Diaz
Best way to take over parent's house?
My mom has a house that is fully paid off. She wants to pass it on to me. What would be the best or easiest way to do that? (While still alive)
John Underwood
TN tax return for a STR?
I know TN has no state tax.Is there any requirement to file a TN return on a STR? I live in SC.Wyoming LLC owns a TN land trust that owns the cabin.My CPA asked me and said sometimes a state return is filed, but I jus...