I'm planning on reaching out to some different people to form partnerships on SFRs.They would put the money up and we would split income and equity. I plan on setting up an LLC with each partner (planning on having m...
If you are wanting to sell your real estate property, but are worried about paying taxes on the capital gains, a great strategy to consider is a 721 Exchange. Section 721 of the Internal Revenue code allows an investo...
I purchased my first buy and hold in October. I till have some documentation to gather before I make an appointment with my tax preparer but I am curious exactly what is tax deductible for this property.Im going to a...
Hi BP!I am considering selling a property owned in my name and buying a bigger property. I would like to have a single-member LLC own the new property. I read that the name on title for the upleg and downleg need to b...
In 2016 we bought a lot to build our personal residence. In 2017, we decided to build elsewhere and bought a different lot. We now have a contract to sell the original lot and it will close in January 2018 for 34% mo...
Hi all, I bought a beach condo in 2020 just before the market went nuts. I bought it in cash and paid for the rehab in cash. Then I fell into the trap of getting emotionally attached to the beautiful upgrades and fu...
Myself and 2 associates are partnering in an LLC to invest in real estate. We are currently looking to make offers for our first deal together on a 4 plex or other small multifamily. We have the cash for a 25% down ...
I am new to your site, but certainly not new to real estate. I have a quick question about a 1031 exchange...
When I buy the new property from the sale of another, can I then refinance the new property?
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Question regarding a property held in a irrevocable trust.Home value is $750K, owned outright by the trust - no mortgage.A family member lives in the house, no rent is charged.Meanwhile, the trust is paying for the ma...
I have bought and closed on a rental property held in my name in the state of Texas.I now want to transfer the property to a Texas LLC for protection. The Texas LLC will have a Resident and Non-resident alien (foreign...