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 ...
Help me out here please, smart people!
Is there a tax savings to live in one of your own units vs renting your primary residence somewhere else and renting out all your units?
Scenario with fake round numbers: 3 Uni...
I have a few rental properties that I invested in prior to getting married. My fiance and soon to be wife has an LLC for her investment properties. If she is to manage them, and I pay her, can that income be deducte...
I'm considering selling my primary residence and moving out of state... yes I'm from the amazing overpriced California. Before making any decision I'm researching what are my options for minimize the tax implications....
Hi all,Considering buying/renting a secondary home in California. Idea is to be a short/long term rental property and a place for family to stay (in between the short/long term guests) and eventually use it as a retir...
Let's say someone takes money out of a HELOC at 8% and lends it out as a hard money loan at 12%. After the loan is paid off, a 1099 is sent to the hard money borrower and the IRS showing the interest received. How can...
I have multiple duplexes under a single commercial portfolio loan. I'm interested in selling one of the properties and leaving the loan intact. If I sell one of the properties is it considered 'taxable gains'? My goal...
Hi all,
My husband's employer gives an option when they hand out bonuses- you can take the cash or you can take it in stock. He is wondering, if he takes the stock, what would the tax implications be if he sold the ...
Curious to know whether there are any tax implications of quitclaim deed-ing a property (owned outright) that is owned in your personal name to your own, single-member LLC? And if you were to do it, what do you list t...
Scenario: I have house hacked a Full Duplex for 2 years (lived in unit A, rented out unit B). The Full Duplex has two tax IDs, one for each unit, so I can sell each unit separately. Let's say I now sell the rental uni...