Tyler Prosser
Combining Section 121 and 1031
Hello,
My parents have a primary residence purchased for $45k. Recent comps in their neighborhood are in the $1 million range. Even with a exclusion of gain under Section 121 (MFJ: $500k), they are looking at over $...
Jim Brozny
Land trusts, LLCs, and Refinancing
Hi Everyone – I’ve recently entered into a land trust with two partners to purchase and flip an SFR. Since the closing, two of us have decided to keep the property and buy out the third partner. Now that we plan to ...
Tyler Wotherspoon
AirBnb starting question
Hey everyone, I am looking to buy a house for short term rental in Oregon and wanted to know if I should start a LLC for it or just buy it without one? I know there is tax benefits with having it under one but can I t...
Donald S.
Confusing and Frustrating LLC and trusts
Hi everyone. So you know how on all the podcasts etc they say "I'm not an attorney and make sure you speak with an attorney first...." well I did just that. I spoke with 2 attorneys in the past 2 days and they complet...
Martin Sterling
Asset Protection and Tax Consequences
This is a bit of an Asset protection and Tax consequence question.If I buy a property for 100k (100k is my basis) , 5 years later it's worth 400k, that means I have a 300k capital gain.1 - If I sell the property after...
Bobby Morris
Avoiding Property Tax Assessment Increase
I'm looking at purchasing a 5 unit building with 4 upstairs apartments and a ground floor commercial unit. The current assessment is roughly 200k and the purchase price is likely between 800k-1M. The listing broker is...
Lucas Carroll
Land Trust and LLC Asset Protection
Hi, I have a few questions about the use of land-trusts and LLCs to protect assets. So, I understand the land trust protects the privacy of all owners and the beneficiary of the trust can be an LLC in order to pro...
Anthony Vargas
HELP! Seller lost trust documents. Title won't clear.
So I've been working with a seller facing tax lien foreclosure and were finally about to close and she can't find her trust documents in order to clear tittle. ( Her husband passed away and gifted her the property in ...
Joe R.
Rental property as LLC or personal with Umbrella insurance?
Do you recommend purchasing & operating under an LLC or purchasing under my personal name with added umbrella insurance?
Craig Curelop
Land Trusts
Hi,I recently went to a real estate meetup where a gentleman came in and gave a 90-minute presentation on why we should protect our properties with a land trust. Essentially he advised that each property should have i...