Hello, I am planning on buying my first home within the next couple months. My plan is to live in it for at least a year and then rent it out. I was wondering if anyone knew of any benefits/downsides (in terms of laws...
So my wife and I were brainstorming thinking about how we want to establish our presence in this market and ran across an interesting predicament. She is looking to attend a class and get her license for real estate a...
Among confusing legal concepts, the generation-skipping transfer (GST) tax is at the top of the list. Because of its complexity, many attorneys lump it in with concepts such as the rule against perpetuities—topics tau...
I'm interested in opinions on Indexed Universal Life Insurance vs. 401k options. I know both can be used to invest in real estate while saving for retirement. Its tough to find unbiased opinions on theses retirement...
I have known about self direct IRA but not Self Directed 401K and 'Checkbook' IRAs. I wanted to take control of my personal debt and let my IRA benefit from the loan but still maintain tax preference.What circustances...
My client, let's call him Paul, was not happy to owe the IRS $100k - the tax penalty of having a successful flipping/wholesaling operation. So, based on his buddy's advice (sounds familiar?), he ordered a cost segrega...
Help! I have my mom on our LLC because of her great credit. We fix and flip and now looking to do a cash out refi on a rental we have. She has the better credit, so lender wants to use just her. Will this affect her s...
Hi BP Community,
I was hoping to get some feedback on the best ways I can utilize cost segregation for my taxes this year and if anyone has recommendations for a Real Estate Accountant in the Los Angeles area that ...
Realtor.com®: Now is the Time to BuyDaily Real Estate News | Thursday, May 28, 2015 Purchasing a home right now could help potential buyers save more than $200,000 over the next 30 years, according to th...