Ari Newman
Tax Professionals; how are you guiding your clients R.E. phantom income?
A question to all the tax pros; how are you guiding your clients when their R.E. activity has the potential to generate phantom income? I'm seeing lots of Gurus promoting and teaching about buying Sub-2 and then sell...
Mohammad Foro
Can a c-corp assume all liability without property title?
I am looking to setup a c-corp to collect rent on my multifamily unit. The catch is, I dont want to put the title of the property in my c-corp's name - I want it to remain under my personal name.
Can I use th...
Mark Beekman
LLC Sells Property -- Business Income or Capital Gains?
I just bought a SFH through my LLC and I'm still not sure if I'm going to flip it or rent it. One thing weighing on my decision are taxes.
If a single-member LLC owns a property, rehabs it, and sells it, are the prof...
Jon S.
LLC declare as Partnership or S-Corp?
I have a new LLC. My prospective accountant has suggested that I declare it as an S-Corp. Would the income automatically pass through in an S-corp, to the members of the LLC? Is this good or bad, pros and cons? What a...
Scott Primm
Bridgehouse Investors California Ladera Ranch
Has anyone had a good experience doing a rent to own contract with Bridgehouse Investments?
Henry Clark
Self Storage-So you just died. Did you send your family to Hxxx?
There was no reason, but the day I hit 30, I realized it was “ME”.
Everyone around my family was doing fine, work was great, it was a
nice day. Just for some reason, I realized I was the person in
charge of my li...
David Mcginnis
effect of UDFI on distributions
If my SIDRA (regular/untaxed contributions) pays UDFI tax, what happens to distributions from the IRA? Do I have to pay tax on that income again or do I now have basis in the IRA?Also, I think I understand that bonus ...
Nick E.
Closing early January 2016. Tax consequences
Hello,I will be closing on my first rental property on January 5th. The house needs numerous small "repairs" that we are planning on completing in the first few days of owning it. Most of these items are small like ...
Mike Lynch
Help with 1031 exchange question
Hi,I realize that I cannot exchange investment property for a Personal Residence.I was told that I can do a 1031 exchange for a rental or business property.For instance: What if I purchase a "Bed and Breakfast" or cam...
Pradeepan V.
1031 exchange( 2nd partial rental home)
Hi
I have a rental property I am planning to sell and use the proceeds to buy a 2nd home( through 1031 exchange). I know 2nd home use for personal use doesnt qualify for 1031 exchange. However my question is what if ...