Account Closed
Help Newbie with Finance / Tax Implications for Rental Property
Hello,
I am new to the rental property investment world, and was hoping to ask for some tips / guidance as I navigate this process. My main concern is around optimizing my finances (personal taxes), as well as making...
Wesley Wiliams
Tax Implication Question - Profit from Sale v. Assignment Fee
In trying to think about structuring deals with potential motivated Sellers, what is the difference in tax treatment for profit from a sale (in the case of equity over mortgage balance) as compared to payments receive...
Alejandro Arciniega
Buying cash then getting a recoup loan tax implications
Hi Guys and Gals! Thanks in advance!!!My wife and I have been getting beaten out by cash offers left and right. The only way to be competitive in our market (So-Cal) is with a cash offer. My mother in law has some cas...
Tomer Royter
Moving out of country - What are the tax implications?
I'm currently in search of an investment property in the New York area.I know that as a property owner living in the US I get many tax benefits on this property such as deducting the interest on the mortgage, home dep...
Tom Tran
Tax implication on a sale of an apartment building?
Hello fellow REA investors,Can anyone help me answer the question below, I know this should be ask an Accountant, but I just need some general ideas of the tax implication. Here is the scenarios:1. We bought an apt bu...
Henley H.
Tax implications if a 1031 exchange becomes primary residence?
I am looking at selling and investment property and would like to do a 1031 exchange. Their is a possibility that the new property I purchase for the 1031 exchange will eventually become my primary, owner occupied re...
Todd Magin
Out of State Series LLC, Legal And Tax Implications
Apparently the formation of Series LLC's are only "allowed" in a few states. I live (and will invest in) Maryland, which does not allow the formation of Series LLCs. Is using a Series LLC as simple as forming it in a...
Kelly Skeval
Options other than 1031 exchanges to decrease tax implication
Hello. I’ve been in conversation with an owner of a self storage unit who is looking to sell in the near future. We’ve discussed different creative financing options. The option that is most appealing to me and my cu...
Jacob Sharp
Tax implications of seller financing on small apartment building
I am in negotiations with the seller of a small apartment building (6 units). The seller has owned the property for a long time and it is fully depreciated. However, before we put pen to paper he is trying to figure...
Rich Hupper
What are the tax and legal implications of this....
I have a client who bought a property with cash at fair market value but now wants to give it to his family's LLC for 1 dollar. My client is not a member of this LLC. Can someone tell me the the tax implications of th...