Kyle Spiewak
Health Care Tax on Rental Income
Read this today and thought it was interesting and worth sharing. It is from the Journal of Accountancy. If I am reading it right it is saying that there we will a 3.8% tax on rental income. Please give your feed b...
Brian V.
When does buy, rent, and then sell trigger self employment taxes?
It is my understanding that if I buy a property and rent it out, that I do not owe self employment taxes. Now lets say that in 1 year, I sell the house and buy another one (or two) and rent it out for a year. The inco...
Scott Harper
Elder Law question and real estate
A friend has a mother that has gone to assisted living. She has retirement income of $3000.00 a month. Medicare is paying now but eventually may need Medicaid to pay. He has a home valued at 200k and her husband passe...
Christian Drake
When and Why to start an LLC?
Hey everyone!I'm currently looking into the pros of an LLC because I'm going into Real Estate with two other people financially. I know that falls into an attorneys hands as well with legal binding documentation. Does...
Jay S.
Guidance Needed to structure an offer
Hi BP familyI recently posted a few days ago about my potential first deal...well I have a little bit more of information to go on to ask for help on how should I go about handling this seller situation. A have a moti...
Brad V.
land trust to avoid capital gain?
Is there a way for a seller and I to set up a land trust to hold the properties I want to purchase from him and he be able to avoid his capital gain tax?
Jeff Christman
Creative buying suggestion needed versus assets to nursing home
I am interested in buying a house that is 'not yet' on the market. I am in casual talks with the family and trying to be a helpful resource for them as well. I am searching for the sale structure that would best ben...
Elaine Von Scotti
Need Health Insurance InBetween Jobs- What Are My Choices?
I'm contemplating transitioning jobs and will need health insurance while I transition. I've never purchased health insurance on my own and feel confused and overwhelmed with all of the options. I'm not clear with o...
Chris T.
1031 on Assignments or Double Close?
Can you use a 1031 exchange when wholesaling properties?
I suppose you could if you bought it and sold it, but what about assigning contracts and double close?
Mitch Turgeon
Can I contact a home for an unknown future date?
My neighbor is 92 and has a home that needs a lot of work, but with MAJOR upside. We have mentioned to her daughter that if the day ever came which they needed to sell the home they should come talk to us first as we...