Dakota Mivshek
Gifts and Tax Implications
Question on Gifts and taxes. I have a client, whom has parents willing to gift ~$100k. I understand that the annual exclusion per year is $14k; could you help me understand what this estate tax lifetime exclusion is a...
Anthony Salerno
Switch my grandmas house into my name?
Myself and my sister are looking to fix my grandmas house and sell it. We’re just not sure whether or not it would be more beneficial to switch it into our names first and then fix and sell, Or fix it up and sell it i...
Doug Kolb
Real estate deductions inside solo 401k or self directed IRA
Hello. I'm looking for some direction regarding specific real-estate deductions while working inside a solo 401k or self directed IRA LLC and working with a rehab on a buy and hold piece of property. I plan on speaki...
Dan Funk
Private Mortgage Lender Do's and Don'ts
I'm a newbie to BP...love the depth of knowledge I'm seeing on here.If you keep your quest for private mortgage lenders with people you know...are there any disclaimers or disclosures that "need" to be made to these p...
Cassie Corbett
Do I need an LLC when househacking?
I just put an offer on my first multifamily property in Atlanta! It’s a triplex and I plan to live in one of the units. I have been researching multifamily for a few years and planned to create a LLC. I have asked two...
Kevin Carrillo
Turning already personally owned property into LLC
Good morning everyone,
My name is Kevin Carrillo. I have a 30 year mortgage on a 4 bedroom house in the Dallas TX area. I live in one of the rooms and rent out the other 3. After stumbling upon BiggerPockets on Youtu...
John Underwood
STR in TN (Pigeon Forge) Asset protection - How to hold deed?
For those of you with STR properties in Pigeon Gorge, Gatlinburg (Tennessee) how do you hold title?
I talked to a TN attorney this morning and he said if you own an LLC there is a $4,000 annual franchise fee and you ...
Thomas Richter
Location for LLC
Does anyone have a LLC (for rentals) in Los Angeles City? I assume you are required to pay City Business Tax? My rentals are not in Los Angeles and I'm wondering if it makes sense to locate LLC outside of L.A. Thoughts?
Akash Y.
Can I do a 1031 exchange as a foreign investor?
Hey everyone . Quick question, I'm Canadian and recently sold property in AZ. I'm now buying a more expensive property in California. I'm wondering if I can do a 1031 exchange or is this only for residents? Thank you
Hersh M.
Is Zillow tax estimate any good?
I was trying to analyze a property in Fort Worth, Texas.I looked up the taxes on Zillow as well as on the county assessor site. The 2 are very different for 2012. One is about $2000 and the other is about $3000.For 20...