Yong Park
Any advice on starting an LLC in Nevada?
Hello (again),I would like to purchase a commercial building in Las Vegas. The building has been identified. Now the next step is to create an business entity to purchase the building. It appears that Nevada has fa...
Julio Gonzalez
Are You Still Depreciating Non-Existent Assets?
The IRS previously viewed buildings as a single unit of property (UOP). However, the new regulations under IRS Code 1.168(i)-8 allow you as the property owner to utilize a cost segregation study to dispose of smaller ...
Eric Bilderback
1031 exchange into a partnership
Can an individual 1031 from the sale of a building into another building with a partner? I don't see why not but my client thought adding a partner to his next transaction would ruin his 1031 status.Thanks for the he...
Bette Hochberger
Maximizing Your Tax Benefits as a Real Estate Investor
Hey investors! Let's talk about leveraging tax strategies to optimize your real estate investments. From deductions for mortgage interest to depreciation benefits, there are numerous ways to minimize your tax liabilit...
David Sisson
When is a free building too expensive?
I have an opportunity to get a large (8,000 SF) commercial building for free. This building is historic, and would come with restrictions. It's also in very rough condition, with an estimate of $1M plus in order to ge...
Rich Hupper
Looking for historic grant money
HelloI recently purchased a historic building and I am trying to find grant money to rehabilitate the historic components of the project. I have already been granted some money from the community preservation committe...
Joe Capobianco
how can my dad transfer property to children?
My dad owns a vacant lot in Pennsylvania he doesn't want anymore and asked my brother and I if we wanted it. I'm posting here to find out the easiest way to transfer the property from my father to my brother and I. is...
Steven Torok
Tax implications of reinvesting 100% of profits
Hi all! I would like to understand what general tax benefits exist if 100% of rental profits are reinvested into new properties.I own, through a LLC, a few rentals which are fully paid for, and am in the position to ...
Brian Fournier
1031 exchange rental properties for land to be developed
Hi folks,I am thinking about a strategy to sell my 3 triplex rental properties and then by a tract of land to develop. I would like to do a 1031 exchange. The land would be a large parcel that I would subdivide into...
Zachary P.
San Francisco condo conversion tax implications
I bought the building for 1.1 million and hoping to sell the smaller unit for around 700k. If I do what are the tax implications of this?Since it is less than the total cost of the building will the proceeds not be ta...