William R. Matthews IV
Personal property rental to LLC renta
I have a personal asset that I will quit claim into an LLC the renter has been there for some time and will then start paying rent to the new LLC. My question is should the address should be the actual address of the ...
Diane Tycangco
Business Trust or Asset Protection Trust for holding Rentals
Hello everyone, has anyone used a business trust to hold rentals instead of an LLC because California charges a yearly FTB fee of $800 whether or not your LLC was formed in California? Or maybe a Tennessee Asset Prot...
David D'Ambrosio
LLC and 1031
If you buy properties using a 1031 exchange and the property you sold was in your name, can you subsequently transfer ownership to an LLC without triggering a capital gains bill from the IRS since its not in your name...
Eric Bowlin
Sprinklers for small multi's
MA is becoming more and more strict on sprinklers. Now all townhouses, and new construction 4+ units require sprinklers. Any modifications or improvements costing over 50% of the building assessed value triggers sprin...
Paul Cordasco
Question on Traditional IRA to Solo 401(k) Rollovers and UBIT Exemption
I have a very specific tax question regarding the UBIT (Unrelated Business Income Tax) exemption in Solo 401(k)s that is normally triggered by UDFI (Unrelated Debt-Financed Income) in IRAs. Does anyone know if tradi...
Shawn Kostoff
Cash-Out Refinance from LLC to Personal Name
I purchased a rental property in Wilmington, DE in the name of my LLC on a interest-only loan from a family friend. I am now looking to do a cash-out refinance on the property and I am looking to do so in my personal...
William T parkerIii
Is it better to buy or wait till it's perfect
Is it better to buy and sit on a property you consider a great deal or is it better to wait until the situation is perfect and potentially lose out.
Scott Albritton
Owner's Step up in Tax basis is his reason for not selling apartment building.
Hi All,
I hope you're having a nice weekend!
I currently live in an 8 unit apartment complex here in San Diego, CA. And I want to figure out a way to buy it.. It's currently under market rents, needs some updating...
Jatin Shah
New Investor in Nashville
Hey all, just found BiggerPockets and I'm excited to network with some of you. I'm a tax attorney doing real estate for the last few years. I know just enough to be dangerous. Ha. I'm very eager and motivated to m...
Irfan Rashid
GO Train Station Bowmanville Ontario
Hello, Quick question here, I'm looking in an area named Bowmanville, Ontario. There is a GO Train station being built here , estimated completion date by 2024. This will allow transit to downtown Toronto. Have been a...