Jacob Patterson
Tax Consequences When Selling Personal Residence
I regularly flip houses, and consider it my business for tax purposes. Thus, I pay income tax, as well as self employment tax on my gains. I am planning to sell my personal residence, most likely with a profit, and wo...
Rick Shepard
Funding Commercial Property Development
We have a $50k purchase agreement on an empty warehouse that would be a great indoor storage unit property. Is it possible to crowdfund projects like this? We have several lease option single family homes but not the ...
Glenn Espinosa
HUD Home to flip down the road
I want to buy a HUD home under my LLC to serve as my primary residence and to flip 12-24 months down the road.
In August I will need to move up north about 2 hours due to military orders. I will be living in this ho...
Brent Crude
Putting Rental Property into LLC Grant - Deed wording
when transferring rental property into LLC the grant deed should say"grantor and grantee are the same party" to avoid tax reassessment howeverany better choice of wording I can use to be more anonymous ? ?
Thomas Barrick
House Hack Tax Question
Hey all!I purchased a duplex in May of 2015. I lived in one unit and rented out the other unit until Aug of 2018. I plan to sell the property within the next 2 months and should likely met $50k-$70k due to appreciatio...
Arjan Amiri
Does An LLC Protect Your Rental Properties Equity?
Dear Forum,My understanding is that an LLC protects your personal assets from being sued by a renter. But what about the equity in the rental property that is under the LLC? Can the renter go after ownership of the ac...
Greg Pereira
Homestead Exemption Penalties
BiggerPockets Community, I had a question regarding Homestead exemption penalties on properties that are in foreclosure. Would I be responsible for paying these penalties owed – Or is the tax lien for this penalty...
David Grant
Do you have to pay transfer tax if quit claim deed to LLC?
Hello BP community,If we quit claim a personal property into an LLC, are there any transfer taxes? We are based out of Georgia. From what I read online, if there is no cash exchanged, then there is only a $10 registra...
Julio Bobadilla
California Bill AB 1482
I live in Kern County, CA and was about to start investing in real estate especially because of how central this county is and all the expected growth, but this new law AB 1482 establishes rent control and just cause ...
Nathan Conant
Seller Financing and 1031 Exchange
A landlord wants to sell her single family home to me on Seller Financing. However she wants to 1031 in a few years into a 55+ condo community. Would this solution work?1. She seller finances to me this year with a...