Steve Mcmahel
Seller financing: benefits and liabilities to the seller
I have come across an opportunity to purchase a SF home before it hits the MLS. Owners are retired and home is paid off. They are wanting $150K but they know it could sell for as low as $140K with repairs needed. Tax...
Paul Elston
Capital Gains from SFH investment property question
Curious if any tax pro's out there know if capital gains from sell of SFH rental property is included "Provisional Tax" for SSA tax purposes.Thanks,Paul
Enrique P.
Can you create an LLC for a multi-family house-hack?
The title says it all. Researching before trying my first house hack in NJ. Can you (or should you) start an LLC for your house-hack? Is it complicated by the fact that you’re living in it?
Lana Lee
Rent your primary home from your own business entity?
Not sure if I picked the right category for posting my question. But I recently heard of an idea of renting your primary home from your own business entity. Let's say I want to buy a new house to live in, can I set up...
Jim Goebel
Opportunity Zones Research
Greetings all. After seeing 'Opportunity Zones' mentioned in a news article last week, I have it on my to-do list to research the landscape for these. I will be updating this thread as I learn relevant items. Pleas...
Terry Drake
Capital gains TAX and mobile homes
I see that this has been discussed with real estate, but not much discussion about buying and flipping mobile homes and what taxes will apply. I understand the year and a day holding period for real estate, but what ...
Mariah Jeffery
REO Duplex deal
I'm in the Portland metro area. Getting cash flow in this area at all is difficult, and meeting the 1% rule is near impossible. However, I've been searching for two years and occasionally find something close.
Yester...
Scott Albritton
Owner's Step up in Tax basis is his reason for not selling apartment building.
Hi All,
I hope you're having a nice weekend!
I currently live in an 8 unit apartment complex here in San Diego, CA. And I want to figure out a way to buy it.. It's currently under market rents, needs some updating...
Tony F.
ways to get a property out of corporate ownership
Found an off market property in up and coming area. Owners are open to selling, but just came out that the property is owned by their corporation. Their CPA says they will pay cap gains when the Corp sells, then they ...
Jeongmin J.
Sell with $500k for tax benefit?
My primary home has gained its value more than 500 K since my purchase. Further gain will be taxed as ordinary income. Should I sell the current home and buy a new one to take advantage of the tax benefit again?