I have a single member LLC with a S-corp designation that I use for flipping. I am planning to keep one of the recent acquisitions which I bought using hard money. What will be the tax consequences if I refi this prop...
For rental property held free and clear with tenants in place, does anyone know if the following terms reasonable?
- interest rate of between 5.5% and 7% based on your credit score, loan to value, loan amount and th...
I've been looking into finding a partner to do some BRRRRs, and I'm curious what sort of entity or structure people use for that?Do you end up with an LLC with two members (you and your partner)? Or maybe something el...
I have purchased my first BRRRR property with private money provided by my mom. I am not sure which documents are needed in order for her to only be taxed on the interest she receives and not the principal payback. I ...
We have a property in NY with lots of equity. It is owned in an LLC. Rents are good. Would like to apply for a HELOC but places I find will only do it if it is not in an LLC. Where can I find a company that allows ...
Please help. We have owned property for over a year. It is on 2 lots. 1 lot has 2 small houses, the other has a duplex. So, 4 units total. We have been making a good income for what we paid. It's about $2000/month aft...
hello, all.I own 1 property and closing on another in ga, 1 in norfolk virginia and recently put in an offer on another property in virginia. My wife and i are needing to create an llc to get protection, tax benefits...
So a piece of property in terms of capital or ordinary treatment, relies heavily on the items intended use in the taxpayer's hand.It can turn an otherwise capital gain into an ordinary one. It may even disallow previo...
I am wondering if I can use 1031 exchange funds to buy a partner out of an existing investment property. Specifically, my brother and I are beneficiaries of a trust. The only asset in the trust is 1/3 ownership of a c...
We are approaching allowable IRA distribution age and have multiple rental properties all with taxable cap gains and no mortgages
We have taken a second rental as primary residence now but why sell at this point in ...