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...
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...
Three heirs inherited a property. Two want to sell and the third does not. The third heir currently lives in the property. Suggestions for purchasing the property?
Investor in her mid 70's has a rental house. It's been a rental for 10 years and she's never lived in it. Her basis is $170K and its market value is $300K. She does not want to invest in more real estate. She wants to...
My client has a paid off house in an affluent neighborhood in a nice suburb of Las Vegas. It is a relatively luxurious place and could rent for a significant amount. He is considering leasing to his son, who is in a...
Investment Info:
Other wholesale investment in Duncan.
Purchase price: $9,163
Sale price: $20,000
We bought from an elderly woman who inherited the property. She had no use for it and the taxes wer...
Tax season often leads to creative interpretations of what can be considered a deductible business expense. However, a recent case highlights the importance of thorough documentation and substantiation when claiming d...
Here is the deal:
Father in law is selling me a rental property that he has owned for 25 years. I think he originally purchased the home for 35K. The home recently flooded and lost a significant amount of value whil...
Has anybody ever hired a lawyer to reduce their property tax burden ? St. Louis is jumping and I don’t want to decrease my cash flow for property taxes. Anybody know a lawyer who does this for residential SFH ?
When I did my 1031 exchange I of course put my up leg in the same vesting name as my sold property. It's been 3 years now and I want to place all my properties in my revocable. Zero money will be exchanged. Just want ...