Venkat Varad
Selling former primary home to LLC
I have a former primary SFH that is fully paid of and about to reach the 2/5 years rule. I have no plan of selling it. I want to convert it into an LLC to offset the capital gains. I was about to start an LLC, but few...
Fausto Carosella
Sale of LLC Property in one state 1031 Exchange to another CPA's!
Hello All,My folks recently sold their last property and made the move to retirement here in Florida. Last year they sold their investment properties held in a Massachusetts LLC and purchased various properties in Flo...
Ian Hurdle
Investment Advice for San Antonio and Surrounding Areas
Hello BP nation! After a year of research and educating myself through BP and other sources I am ready to invest in my initial rental property. Specifically, I am looking for a multifamily duplex or triplex. I spent m...
Hau N.
Mobile home transfer/gift tax to family member in San Jose, CA?
Hello BP members,My parents live in a mobile home in San Jose, CA. It is owned free and clear under my sister's name; however, she would like to transfer the title to me. There is no exchange in money involved as we ...
Yoni Haiminis
Tax implications for "gifting" $$
I am planing on Gifting a family member some $$ to help them with the purchase of an investment property. I was trying to find out if the IRS has any limits on this and if so how does it affect both my tax return and ...
Jon Christensen
Loaning money to parents to help complete their cash offer
My parents are both retired. They recently signed a P&S offering cash for the house across the street from my sister with a 3 week closing (fast!). To come up with the cash that quickly they have to pull money out...
Christopher Ballesteros
Incentives and Consequences for Tenants
Considering the supreme court is allowing the eviction moratorium to remain in place, what incentives can you offer tenants to ensure they pay their rent month-after-month?Furthermore, what consequences do you have in...
Matthew Slaughter
Tenant Has Not/Will Not Sign Lease
Hey BP Community! So here's the short end; Purchased a triplex a couple months ago. Utilities have been pretty finicky so I finally have everyone moved to a flat fee, which not being on a flat fee caused some hairs ...
Sammy Lyon
Calculating Depreciation on a Low-Priced Property
Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...
Alex Rodriguez
Temecula House Hacking
Hello everyone,Just wondering if anyone has any experienced with house hacking in the Temecula area! Any insights are welcomed.Thank you!