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Results (3444)
Terry Royce 1031 Exchange on a flip
27 June 2015 | 31 replies

I have 2 properties that are getting ready to
Settle in the next 30 days, I would like to do a 1031 Exchange either into another flip or into rentals. I have read conflicting info on this topic in regards to flips, ca...

Robert P. Tenant Bed Bug complaints but nothing found on inspection
2 August 2016 | 17 replies

State of Illinois... My tenant recently sent an email complaining of bed bugs.  In the letter she referenced that I had not responded to  earlier complaints  but this didn't happen...so it appears she's starting off l...

Clint Worland capital gains tax on my short term flip?
7 June 2014 | 17 replies

Good Evening. I live in San Diego CA and i am about to sell my third flip this year.

My First two flips the FTB took a larg percentage from Escrow for cap gains. In reading thorugh some of the other posts its...

Jordan Burnett Multifamily Syndication After-Tax Returns for a LP
10 August 2020 | 7 replies

Does anyone have an actual (net after-tax) return breakdown from a multifamily syndication that they have participated in as a Limited Partner?
I'm particularly interested in Limited Partners who would not benefit fr...

Danielle Cage Creating an LLC - use my CPA or diy?
13 November 2015 | 32 replies

Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...

Antwanika Saxon Buying Agent want's me to ignore seller's disclosure
21 January 2018 | 59 replies

Hello, I am a buyer and I requested that my buyer's agent get the listing agent to send over the selling disclosure for me to review. I looked at the selling disclosure and one of the things on there is that you must ...

Evan Swanson Best business entity for renting out an owner-occupied duplex?
30 October 2021 | 4 replies

What is the best business entity for people seeking to buy a duplex as their first home and rent the other unit out? The property will be paid with by residential lending products and personal money, but how is the bu...

Matt Said Can you 1031 a property from an existing LLC to a new one?
3 December 2020 | 6 replies

Currently have a Wisconsin LLC with 3 MF properties, we are currently selling 1 (but likely all 3) with plans to move the funds to invest in the South.  Our CPA advised that it would be best to create a 2nd/new LLC in...

Pat Opiola reporting sale of flips to irs
3 March 2011 | 24 replies

I bought a flip for 60k i sold it for 95k 5 months later the rehab and holding costs were 9k, where do i show the profit? on a schedule D? thanks, also My friend and I bought a property together, we rent it out, do we...

Danielle Fraser Offer accepted on our first house hack property in Mount Plesant
12 April 2020 | 13 replies

Hi all,
I've been reading for a while and hope I have learned a lot over the past couple years. We are finally in the position to buy our first house in an area I really love. We have a house under contract and I'm q...