Hey family,I purchased a rental property in 2016 under my own name for $135,000. The home is now worth $225,000 and I plan to sell it in the next six months. My plan is to use the profit to pay off the mortgage on m...
So I found a way to avoid the double transfer tax by utilizing 1. an option contract 2. a notice of option contract and 3. an option termination agreement instead of a purchase agreement with the seller. You act as ...
I have an owner who is interested in selling a building to me but wants to identify another property before he signs a contract (to avoid a large tax hit of $100K+). Obviously the easiest route would be to find him a ...
I'm negotiating a land contract for a 10 unit apartment building. The seller is concerned about taxes so we may structure multiple balloon payments over a 5 year period.
However, if he went an obtained a commercial ...
I have two companies, one for real estate investment which is a LLC and one for home construction which is S Corp, just call them A and B. B takes remodeling project for A, how to handle them wisely to save taxes? e.g...
As I continue researching the world of real estate investing and with the IRS April 15th date still fresh, I thought I would share this great article by Raleigh-Durham CPA, Kevin Bassett, who specializes in real estat...
hi allI would love to get some perspective from your expertise, we have a property that we would have to sell in 2025 to avoid paying taxes on the capital gains, we believe we can sell it for $700K and get an equity o...
I am reading the Millionaire Real Estate Investor, about acquiring a million in real estate, then increasing equity to one million, then to one million a year in cash flow. I am just curious how many here on bigge...
With solid tax planning, receiving an inheritance could provide an enormous boost on your journey to financial freedom. One misstep, on the other hand, and you could be lining Uncle Sam’s pockets. Fortunately, we’ve b...