Amy Xu
Short term vs long term asset capital gain taxes
Hello BPers,I know that short term assets are considered assets held for under a year and long term assets are considered assets held over a year.I have a duplex that I am considering selling. Originally I was living ...
Brandon Powell
Solo401k Prohibited Transaction Question
Anyone have an opinion on the following?I own a property held in a non retirement LLC of which I own 25% and my wife also owns 25% of the LLC. Can I sell this property (owned by the LLC) to a non related buyer and h...
Dylan Gomez
Inherited a property and remodeled it now its ready to sell
I inherited two homes, both were paid off one was livable, and I now live in it, the other was a rental in TERRIBLE condition. When I spoke with a real estate professional, she said the home would probably sell for ar...
Matt Todd
Is putting properties in an entity worth it?
I have two rentals and I'm curious if putting them into a separate entity will lower my personal DTI, or do they still count the properties since I'm technically still the one guaranteeing the loans.
Georges A.
Question about mortgages and LLCs
Hey guys,
I've been researching for a while the advantages of LLCs. In fact some Kiyosaki books pretty much imply that if you're a REI and you're not an LLC entity (ideally in WYOMING or any other LLC friendly...
James Kandasamy
Tax rate for Flippers and Wholesalers
i was told by my mentors that the tax rate is very high for the capital gains for flippers and wholesalers compare to landlord. I understand the landlord part clearly, however does not know how much tax does a flip...
Daniel Pierson
Heloc on investment property
I'm looking to find a local bank/credit union in NC that can provide a line of credit on a non owner occupied property. Does anyone have experience with this or any recommended people to work with?
Joy James
Can I do 1031 exchange for STR from sale of LTR?
We’re selling our small multi family (triplex) in GA and contemplating on buying an STR from out of state. Will 1031 exchange work for this deal?
Jerry Kisasonak
Who gets the earnest money deposit when dealing with FSBO's, the seller or the title company?
I see many wholesalers just giving the seller a $10-$100 cash deposit, but many of the contracts state that the deposit money is to be held by the title company / closing attorney. I'm going on my first wholesale appo...
N/A N/A
Create a LLC holding company for property
Hi,
What are the advantages/disadvantages of creating an LLC when buying a commerical property? I understand how LLC offers legal protection ina business situation, but how does it apply to real estate?
Also...