Jo Amick
Depreciation and IRS taxes on Sub-to/Lease Purchase?
Here's the deal: I am buying no money down, taking over payments on a sfr from an out of state seller and transferring deed to my LLC. I have a lease option buyer, so I am making about $200/mo spread between mortgage ...
Mike Richards
Deduct from rental income more than one year of Real Estate taxes?
One house, vacant for a good part of the year. (I'm guessing) my deduction would go further next year. Can I pay property taxes in January that are due now, then deduct them as well as next years that I will (plan to,...
Account Closed
Do Not Give Any Upfront Fees!
There are a number of scammers posing as lenders or "capital providers". They ask for upfront fees like retention, due diligence fees and even prepaid interest. If you deal with anyone that ask for upfront fees, RUN! ...
Reyes Tena-Martinez
Would love some input on investment or opinion. Thank you
Hello again guys!! I posted about my first investment (fully paid off not to brag) and am now living in my second home. I came across a fourplex opportunity. I want a second opinion since the housing market has no clu...
Jon Klaus
Partnership with foreign investor on property with Fannie Mae loan
I have a foreign partner. We have a Texas LLC with no transactions or assets yet. I am looking at buying a SFR and financing with a conforming Fannie Mae mortgage. How do I transfer a percentage of ownership to my ...
Aaron Smith
self direct roth IRA
Hey BPers,
My brother, @Joshua Smith thought of this tax strategy the other day, let me know what you think:
1. create a self direct roth IRA and transfer existing IRA funds to this account
2. use this account as e...
Peter Bui
Is finder fee or assignment fee would trigger a UBTI tax?
Hello everyone,I am just starting out with the Wholesale Real Estate process and appreciate any advise on this topic so that I have a clear understanding about the DOs and DONt in RE Investing with SDIRA.Is finder fee...
Jason Mergl
What to do with my Equity?
I'm seeking advice on how to best utilize my equity across multiple properties. Below are the details of each property, including purchase price, current estimate, and equity, along with their respective cash flows:Ho...
Joseph M.
Are there any tax implications to pulling out equity?
Are there any tax implications if you get a line of credit or refinance to pull cash out of a property to invest in another? From my understanding, pulling out cash through a refinance would have tax implications. Can...
Account Closed
Questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...