Jerry Kisasonak
Transfer taxes on contract assignments?
I recently had someone tell me that you have to pay transfer taxes when you assign a contract. Is this true?
I've done contract assignments and have never paid any transfer tax. In my mind, there is no transfer of o...
Jason Phillips
repairs
hello all . i think this is a tax question . i can do 99% of all my own repairs but my labor is not deductible on taxes . so i want to hire out for repairs up to the point were it starts costing me income. does anyon...
Daniel Mills
Cash out refi buy out - tax repercussions
Hi guys,I know this is a question best asked of my CPA, and I am in the process of contacting him but considering he might not get back to me quickly, I was hoping I could get your ideas here.I own a property in Idaho...
Christopher Edmonds
Tax Ramifications of a Cash out Refinance
I am about to refinance and due to an increase in the value of the property can opt for a cash-out instead of a lower rate. Will that cash be taxed as capital gains? thanks.
Steve Maye
Please review my deal analysis
I previously posted a different deal. This is a lower priced one. Below is a snapshot.
[b]Ratio Information
Loan to Value 80%
Cashflow / Initial Investment 8%
Cashflow / Assets 2%
CAP Rate 6%
TOTAL OPE...
Paul Saleh
Tax Question
Earlier this year I purchased a home on the advice of two real estate professional friend of mine. The idea was to buy the home, make a few repairs, and then sell the home soon thereafter. My friends brought me into...
Braxton Johnson
Entity Structure & Bookkeeping Questions
Good Morning!My company has been investing in real estate for a while now, focusing mostly on rental property, but also flipping houses and selling properties at wholesale as well. We have recently moved to Indiana an...
Julio Gonzalez
Have you considered a 721 Exchange rather than a 1031?
Many people are aware of a 1031 exchange, however if they are looking to exit their active real estate portfolio, it’s not always the solution they are looking for. If you are wanting to sell your real estate property...
Ross Ellington
Tax breaks?
Good afternoon everyone! I'm new to REI and was wondering if any of you would share with me any tax breaks that you know of or implement in your business. I don't know if it matters, but my goals are to buy, reno and ...
Josh M.
Rental Property Tax Strategies - First Time Filling
I apologize in advance for the number of questions. I have tried to phrase them in such a way that it provides my conclusion and I am mostly looking for confirmation.If a CPA wants to do a quick review my return and d...