Will sell with a profit of $200K under wife and husband names.
1) $200K at about $3k tax.. not too bad... shall better to do 1031 or just pay tax?
2) How much is the fee for doing 1031? $1000?
3) The sold p...
Hi,I tried searching the forums but couldn't find the answer so sorry in advance if this is a commonly asked question.My wife and I each have jobs with high W2 income. We live in a community property state, file taxe...
I am a real estate broker in Florida and in Wisconsin and I own a construction company in Wisconsin and I am interested in building new homes and selling them. I have a buddy that is in mortgage but unfortunately we a...
Hello everyone!
Has anyone done or thought of attempting buying vacation rentals through the investment of a self-directed IRA? Specifically, I have been researching the concept of a self-directed IRA LLC with check...
Hey all,
First post on BP and I'm a relative new comer to RE investing so be gentle. Here's my current setup:
-a long held rental property (condo) in my name with a loan in my wife and my name jointly.
-a recently a...
Does anybody have any experience how your LLC can obtain credit in order to apply for credit cards? I understand the sole manager can apply but how about the LLC/entity . Thank you
Attention new investors: As I’ve immersed myself in the BiggerPockets forums, I’ve observed an extreme emphasis placed on asset protection by those entering the business but their approach and where they decide to all...
I could use some quick advice on a "subject to" since I have never done one before. This is a killer deal that will last less than 24 hours. I have a wholesaler that found a subject-to at a great price. There will be ...
Hello Fellow BP Members,I'm posting here to say hello and introduce myself to the community. Feel free to ask me anything.My name is Matt McWilliam. I currently live in Las Vegas, Nevada. Originally from Ohio - Go Buc...
My wife and I have owned 1 rental property for the past 5 years. So far I've managed to keep good records and receipts for all transactions relating to the rental. I'm looking into the best method for me to keep the r...