William Allen
Calling all accountants; property in my name or LLC?
I am getting ready to put a property under contract and I need to decide if this will go into my name or the name of my LLC. Can an accountant please help me out here with my logic please?Facts to work with: I am ab...
Jake Silcott
How should I structure this wholesale deal from a legal and tax perspective?
Hi all,I have a business partner with whom I've done several fix-n-flips with, who recently purchased a house with the intent of rehabbing and selling it. He's already closed on the property under his personal LLC. Af...
Christopher Hardy
Part-time Realtor taxes
Hi guys,So just a little background. I'm a full-time W2 worker but also have my real estate license. In May, I closed on a condo for my friend and received a $7,200 commission check. I'm aware that full time realtors ...
Aaron Eveland
Newbie Question about Accelerated Depreciation
Trying to get some information on how taxes work because I may need to hire the professional this year. I have a W2 job, self employment and then my rental properties. I have used TurboTax for the last few years as it...
Sandy Uhlmann
Is there any reasons I should not convert my IRA to a Roth IRA?
I recently rolled a 401K into a SDIRA. At the time, I did not convert it to a ROTH SDIRA. I have purchased approx $25,000 in notes with the money but they have not been worked out yet thus they are still non-perform...
Mike Fitzpatrick
1031 in MA
Hey guys,
I feel like I've asked this question a million times and the answer is no. But I want to minimize my tax burden on a house I am in the process of flipping. I am only planning to hold the house for 3 months...
Cihan Sahin
Best structure to bring non-US funds into real-estate investment
I have friends and relatives outside of US who wants to invest in real estate in US. I am a US citizen with an excellent credit and already own a home in CA. I have been living here for 15 years.The plan is to bring a...
Zach White
DST or similar 1031 Exchange
Hi,I'm looking at my first 1031 exchange, and stumbled across the Delaware Statutory Trust option. The sites I've found in searching its details don't mention in detail the parameters of that deferred tax burden, spec...
Jack Tinker
Who Includes Rental Income Tax as an expense?!
I am curious. Typically when I analyze a property I include the usual (property tax, insurance, etc.), I was wondering if anyone includes rental income tax as an expense when analyzing a property? For example, after d...
Kyle Bentz
Grants?
Is there a grant for aquiring multi famialy properties? Lets say 100+ units. Is there any type of grant you could get?