Zachary Thompson
Tax implications of an angel investment into my LLC
I have a single member LLC (sole proprietor) and I'm wondering if I must pay taxes on an angel investment? I intend on withdrawing most if not all of the initial investment. Thanks!
Nicholas DeLouisa Jr
Being Your Own Real Estate Agent, Legal/Tax Implications
Hello all,My wife and I (and a potential partner) are starting the process of creating our business. Along the way we are coming up against some questions that are not easily answered using Google. In fact, I have s...
Account Closed
Tax implications on selling my personal residence owner finance
My house I live in I bought almost two years ago. After the two year mark I can sell my property for cash without paying capital gains. However the way to get top dollar is to owner carry. How would that work as far ...
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...
Aaron Scott
Tax implication on partner split at sale of property
So I'm going to lay out the situation the best I can and ask advice. First off, I'm in Alabama. Myself and a partner went in as partners on a flip deal, where he bought the house and we split the costs of rehabbing. I...
John Humphries
Help! Tax implications for Canadian resident inheriting US RE
Looking for some legal/accounting advice - I'm a US Citizen/Canadian permanent resident living in Canada. My mother in NC recently passed away leaving me a house in NC (fully paid off) and other investments in stocks ...
Justin Siddall
Transferring/Holding/Tax Implications for Friends & Family OPM
Pro'sI am using family & friends OPM for the first time and have questions about the specifics of transferring investors' money and the implications. The OPM is lined up and I'm finalizing my core 4 in my target m...
Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
Bill Willis
Depreciation & Tax Implication on Current / Future Rental Proptry
Afternoon BP,
I am new here and excited to be here and learn from everyone.
Quick question, I am currently living in a condo which I own, and I am planning to rent it out in the future. Now, my AC recently went out ...
Patrick Hartnett
Tax Implications of Sale of Multi-Family (Primary Residence?)
I made my first real estate investment roughly 5 years ago, purchasing a 2-Family as my primary residence...living in 1st Floor Unit with my wife and we renting out the 2nd Floor Unit to tenants.
We're about to sell ...