Senami Craft
Buy principal residence under LLC name
We bought our principal residence last summer in my name and that of my husband, and we need to redo the roof (likely $30k). Should we transfer ownership of our residence to a LLC and discount this roof as an expense?
Akshar Patel
Tax implication of sale
Hi everyone,Newb RE investor here. Had a quick question about the tax implication of a recent sale.So I had purchased a single family home in Aug 2015 for 370K. We lived in it until end of March 2017 (20 months in tot...
DL Coker
Tax Liens on Homestead Properties (Maryland)
Hi BP communitySo I've been doing a lot of research about tax lien investing in MD. I participated in the Baltimore City tax lien sale not too long ago. After filtering out the properties that met my criteria and that...
Roger Matthews
Title company will not insure investment property cash out refi
First of all, i want to thank everybody in advance. I am grateful to find this forum because my family has been in extreme stress over the past few weeks.
Background is that we relocated from Houston 1.5 years ago to...
Gray Bryan
Selling your home tax free when you are single.
I am single and own a house free and clear and it's worth about $500k. Under current laws I can only exempt $250k from capital gains. I could get married and file jointly and the exemption would be $500k which is enou...
Michael Moreno
Closed on my First Property at 23-Years-Old - Seeking Advice
Hi everyone! My name is Michael and I am seeking advice on how to go about my first purchase.I bought my first property as a primary residence for $258,990 with an FHA loan at a 4.875% interest rate. It's a one-story ...
Derek Bennetsen
Solo 401k -> LLC -> UBTI
New to the website. Great forum!I have a Solo401k Trust and am in the process of creating an LLC that is owned and operated by the Solo401k Trust. The LLC will be used to purchase real estate with funds from the Sol...
Paolo F.
Standard deduction for Non Resident Aliens
With the new tax reform, Personal Exemption was eliminated. Can we Non Resident Aliens use Standard Deduction now, as it is the only one left and in theory it should group the old Personal Exemption?
Elizabeth Block
What is the agreement called between a builder & a non-realtor who refers investors?
In other words, a company looking for qualified investors gives referral fees, but a nonrealtor knows some qualifed investors who may be interested and wants to know if there is an agreement for that.I believe there i...
Brian Bradley
Modern Estate Plans
Do you have your Estate Plan / Trust in place? If not, then you are not protected from wealth destruction and the Big 4.Most come on Bigger Pockets to learn to invest and build connections. Then they realize the need ...