Venkat Varad
Selling former primary home to LLC
I have a former primary SFH that is fully paid of and about to reach the 2/5 years rule. I have no plan of selling it. I want to convert it into an LLC to offset the capital gains. I was about to start an LLC, but few...
Soh Tanaka
Selling/Buying a House Under LLC Using 1031
Hello All,I am considering selling a property that is owned by LLC (IL LLC), and buy another one in another state. The problem is, I don't want that particular LLC to buy a property in another state. But my understand...
John Stanley
Legal/tax structure: buying outside the US
Hi everyone,I'm a US citizen living in Germany (with local residency). I'm looking at buying an investment property and need to decide whether to do it as a US or German company. Does anyone have insight into the pros...
Gene Mitchell
Self Directed Checkbook LLC IRA 1099-DIV forms
I have a self directed "checkbook" LLC IRA. The LLC has a bank savings/checking account as well as a brokerage account to hold funds until they are needed for an alternative investment. The LLC received a 1099-int fr...
Account Closed
Tax impact on Hard money - refinance - selling property
Hi, I have purchased a 3 unit multi fam property under LLC (50/50 partnership husband and wife in NJ which is Non-community state) and financed (100%) through hard money lender(personal guarantee). After the rehab was...
Navid A.
Deducting Business Expenses & the Standard Deduction
If you're employed with a W2 Salary and are investing in rental properties under a LLC (disregarded entity), would you even be able to make deductions if they add up to be less than the standard deduction on your pers...
Account Closed
question about 1031 exchange and legal entities.
Quick question about 1031 exchanges and legal entities: If hold title to a property in my own name and sell the property with a 1031 exchange am I allowed, at any point, to transfer the new investment property into an...
Luke G.
1031ing multiple properties with different LLC's.
I've asked around in my real estate circles and nobody seems to have a definitive answer (including my CPA or the 1031 intermediary). I'm currently selling 2 properties owned by 2 different LLC's (I'm the sole owner ...
Mary El
Adding investor to LLC before 1031 exchange
I have an investor who wants co-invest with me on an upcoming 1031 exchange. Since my LLC currently holds title to the property, and the investor is not currently a member of the LLC (or the parent LLC), how does she/...
Andy Bills
1031 exchange from personal to llc?
Howdy BiggerPocketeters? Fast forward 4 years since this posting https://www.biggerpockets.com/...Now my house in Santa Clara has appreciated but I have a little tough time finding tenants. I am wondering if I can do ...