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Flipping License?
Hello
I am new to this website and am inquiring about information regarding the practice of house flipping (the legal way) and was wondering if any type of license is required to flip houses. Any information on this ...
David Roberts
Structuring partnership exith with cash buyout
Seeking guidance on how best to exit a partnership mid-flip and the tax implications I should prepare for.Detail and timelineI bought a duplex in January for cash - standard closing with the buyerIn May I let a partne...
Michael Trees
Understanding zoning creates big gains
Investment Info:
Large multi-family (5+ units) other investment.
Purchase price: $300,000
Cash invested: $75,000
Live in fix and flip of a demolition house on a quarter acre in the path of progress i...
Jason Scott
Stocks to real estate investments tax implications???
Is there a way to avoid capital gains tax when trying to take money out of stocks and reinvesting into real estate?
Kenneth Moerschel
Selling home way under value to a friend
Can someone sell their property that has not had a mortgage for many years to a friend way under market value? The property is worth over 1.5 million But the seller is open to selling to a friend for a much lower pric...
Kurt Granroth
Is K-1 income from sale on line 11i passive?
Let's say I'm an LP on an real estate syndication LLC that sold its sole property last year, although the LLC itself has not yet dissolved (e.g., this does not warrant a "Final K-1"). I am not a Real Estate Profession...
Kevin C.
1031 Exchange mortgage boot capitol gains tax hit calculation
Hello guys,Just wondering if anyone can help me out here. Just about to close on a property soon and was wondering what my tax hit will be under these circumstances on a sales of a Los Angeles multi family property.Or...
David Kohutynski
Japan capital gains tax strategies for US held rental property
I have a HI rental property that would be better to sell and buy something newer. Association fees are getting out of hand. Unfortunately, I now live in Japan and it seems like selling the HI property will attract J...
Naveen Desai
Selling PROPERTY held in LLC for 4 yrs & rented. Eq partners-Tax
Hello, We held a rental property in an LLC ( TX prop and TX LLC) for approx 4 years and now selling it. When we sell the property, how do we know the capital gains for the property. The LLC comprises of multiple pa...
Jacob Looser
Rental Calculator Question
Hi everybody,
Long time lurker, first time poster. For the rental calculator, in the section where it analyzes years 1-30 does the "total profit if sold" include monthly rent profits in addition to the equity gained ...