Evan Jarvis
Paying with (someone else's) cash - Tax implications?
I have a deal under contract and have raised some capital from a private party to pay for it. The lender will be treating this as a "personal loan", meaning I will technically be paying cash for the property and have...
Rory McGonigle
Tax Implications for Out of State Investors
What are your tax implications if you set up a LLC in your home state, but primarily buy RE in other states? Specifically for buy and hold REI. Would you owe any taxes to the state where your property is in? Or sim...
James Barnes
Tax Implications of a Intra-Family Loan
It's been brought to my attention that a intra-family loan may have tax implications if not done correctly. The current deal I'm working on is going to go down like this:Bank loan: 120k Conventional 30yr Fixed Rate. 8...
Ben C.
New Jersey Real Estate Flipping Tax Implications
Hello everyone!I was shocked to learn that the tax implications of flipping property in New Jersey could make it cost prohibitive (eat of most or all of the profit). Are there any New Jersey season investors that coul...
Meghan Foster
Personal RV Used for Business: Tax Implications
We purchased an RV last year under our personal names that is primarily used for business travel. I depreciated the RV under our primary LLC last year. After looking into it more, I'm concerned about potential tax imp...
Steve N.
Cash Flow - Before or After Taxes?
When people discuss cash flow, are they referring to the cash flow before, or after, the write offs for depreciation and interest payments?
Kevin Critchlow
Quit-Claim to Family Trust, with Cash-out Deal. Tax Question.
Hi all,I am looking into quit-claiming my southern California property to my Grandfather's family trust and had a couple questions on any tax situations that might occur. There is $192k left on the mortgage, which wou...
Tim Silvers
Tax Implications of Seller Financing on rehabbed property
What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
Nathan Letourneau
Year end purchase of equipment and tax implications
I am a fix and flip and buy and hold investor. This year my fix and flip income was better than average and will bump my income into the next tax bracket. I am thinking about purchasing a used skid steer and trailer...
Daniel C.
Tax implications for husband/wife starting in rentals
My wife and I are finally getting started with rental properties after months of research and a lot of property hunting. We're going into contract on two duplexes, with one in her name, and one in mine, for financing ...