Todd Rasmussen
Tax creativity on owner finance (with step up in basis)
I'm about to make an offer on a SFH portfolio. The owner passed in the last couple of months and his children are selling his portfolio. He's owned the homes for a long time and they are currently titled in LLC, I'm s...
Bill Ellingsworth
buying back your home?
Here's a question.
After a sale can the homeowner buy back their home? For example after being unemployed, and then getting a job. I found one firm doing audits then buying the discounted note and arranging for the ho...
David Krulac
Self-Directed IRA Alert: The RISE Act Will Drastically Impact...
This act will prohibit putting assets in your IRA unless you buy at Fair Market Value (FMV). Is the next ACt going to require that ALL real Estate be purchased at FMV ?But wait there's more; there 4 more other propos...
Louise Whidby
figuring numbers out for short sales
I have been given 3 CMA's for a short sale property. I am confused on what number I am multiplying the 65% or 70% to. The ARV or the lowered asking price? I hope I am asking this question correctly.
Daniel Pena
Tax on trading properties?
what are the tax implications of trading one property for another without any cash changing hands? My father has a commercial property that he rents out and someone wants to trade him for a single family house. If he ...
Marco Fontana
Looking to Buy: Section 8 Rents Below Market, Springfield Mass
I'm looking to purchase my second rental property in Springfield, MA. Currently looking at a 3 family in a C/C- area. My plan coming into this area was always to transition to Section 8 tenants. The property I'm looki...
Anthony Marquez
FHA loans on 3-4 unit owner occupant
hello everyone,
Are there any mortgage brokers who have expertise and experience with FHA loans to borrowers that will be owner occupants on 2-4 unit properties and are licensed to loan in Hawaii? I would like to con...
Josh Myrick
501c3 Investing Idea
I need assistant or advise on the feasibility of one of my crazy ideas. Or what seems crazy to me.
Is it legal to create a 501c3 organization to buy investment properties and rent them out at fair market value?
Ess...
Cecil Stancil Jr.
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.Good Afternoon All,I am looking to purchase my first duplex property, and I am very excit...
Kevin L.
cost basis for rental property
Hi all, Does anyone know if we are allowed to change the cost basis for rental property? 2013 was the first year I placed a primary residence into a rental and according to IRS rule the cost basis was the lesser of fa...