Brandon Cao
Tenant Checks -- How to Seem More Professional than Payable to Me?
Hello All,
I know we all strive to look more professional as investors. Some of us are willing to go and get an LLC to do so. I was wondering if there was an easier way? Specifically, is there is a way for the ten...
Michael Lauther
Transferring personal residence to a Trust
I am considering transferring My personal residence currently owned by Myself and My wife to a trust to benefit my wife and children in the future. I have a 40 year mortgage for $830,000 paying interest currently 2% g...
Jay Truong
Transfer Property to LLC and Tax on Selling Profit
I have 2 scenarios that I would like to ask on the tax. At this point, I don't know whether I should do it.
1. I want to transfer a property I just purchased to my LLC A on title using the Warranty Deed. I purchased ...
Marko Bukva
Deed transfer and tax implications
My wife's grandmother passed away two years ago, and we still have her house in San Gabriel, CA. It's paid off, and is currently held by the trust she and my grandfather set up. My father is the trustee and sole benef...
James Bakun
Quitclaim deed from personal name to LLC after completing a 1031 exchange
Hey All! My friend is interested in doing a 1031 exchange with an investment property. Both him and his wife currently own the property in their personal names and plan to maintain that ownership structure when sellin...
Paige Kuhbacher
Investing/Property Management Business Questions
My husband and I recently purchased our first investment rental property. This was done in our names. We also started an LLC and have been operating the business to manage the property.Any insight on the following que...
Jessica Howell
Funding LLC's, deposits and draws
Hi everyone,
I will have 2 LLC's shortly. How can I go about transferring emergency funds between the LLC's as needed? What about depositing personal money into an LLC or drawing money from an LLC to put in a persona...
Sam Adcock
Best Alternatives for Rent Payments
I am in the process of closing on the purchase of an 8-Unit apartment complex in Florida. Each unit has four bedrooms and four bathrooms. The property is within 1 mile of a major public University. Each of the bedr...
Marijuana (MP) Vandyck
Can anyone confirm is capital gains taxes will be waived in SDIRA Property Divorce?
A spouse wants $50,000 of the $140,000 value of a real estate property being held in their spouse's SDIRA in Florida- an equitable split property state when it comes to divorce. The spouse who owns the SDIRA will NOT...
Brian Christensen
Entity woes and 1031 exchange
Hello, I was referred to a lawyer who had me set up my entities with evident complexity for liability protection, but now my taxes are quite complicated. I hope to remedy the situation however I need a solid opinion ...