I am asking the basic question of "LLC or S-Corp for Rental Property?" but with a twist....I am working to acquire my first rental property in Rockford, IL and was planning to set up an LLC to hold the properties... A...
Anyone know offhand how a commercial loan on a property held by an LLC affects the individual shareholder’s personal DTI for loans to the individual? It’s expected the commercial property held by LLC will show a tax l...
Okay yall !!!Have you used the 1031 exchange for new construction ? And if so, how did it go? Any recs or resources?Has anyone used it for a new construction out of the country? Just reaching out to multiple groups (a...
We have owned a home for over 8 Years and rented it for the last six years in California. Can we occupy for the next two years and then sell as owner-occupied to avoid capital gains?
Is there a time limit on how long I must have owned a property, before I can sell it and 1031 exchange the proceeds into something bigger? If so, how long?
It looks like "flips" in a SDIRA are subject to UBIT. But rental income is not subject to UBIT. What about gains on the sale of rental property? From http://www.nuwireinvestor.com/howtos/how-to-keep-your-self-directed...
I want to preserve as much profit as possible for the next deal.
When should one start the 1031 process? Once my flip is under contract? Sooner?
What are the next steps?
Any referrals in the Philadelphia area?
Do anyone know how long you can own a property without paying too much capital gains?
I have a piece of property that our LLC purchased to develop into a vacation rental property. It's located in a gated community near a touristy lake. We never broke ground. We've received an offer to purchase that pro...
Ok so I have not gotten into my own flipping yet but am soon, I only am wholesaling at the moment. My question is should you use a 1031 exchange on the profit from a flip or just go ahead with the capital gains tax...