For all the note professionals out there: I have accrued a decent portfolio of performing mortgage notes over the last couple of years and my tax bill at the end of the year has gotten quite large. As far as tax deduc...
How many Millionaires are there on this forum?
When did you start in RE, and when did you hit 1 Million in Net Worth?
Can you please help me figure out trusts?
1) Trustee is the person who owns an assets and deeds this asset to the trust. Correct? So for simplicity, lets say there is a single family house that is paid off and it pro...
Hi folks -- I am new to this wonderful forum and excited to get involved. I realize partnership / profit sharing structure is frequently discussed here but I couldn't find an answer that matched my situation.My goal: ...
Many of us plan to leave a good portion of our estates to charities. Charitable Remainder Trusts can be good vehicles for this while reducing taxes. Here are two articles I found. Link to original article at the ...
My mom is turning 90 this month and is no longer interested in a 7 unit building. I want to take it over but the capital gains would be 50k. Upon her death it passes without CG and transfers with a $0 basis. I want t...
Hello BP community,
I currently own two LTRs (one in MS and one in CA), and will hopefully soon own one STR (CA). All of my properties are currently owned directly by me.
I've been advised to hold each property in ...
BP,I've been searching and there are number of LLC posts. What I haven't found is a way to get similar protection of my assets without putting the properties into an LLC.Here is my issue. I bought the two properties o...
I have a question I'd like to throw out there for anybody who may know the answer.
I heard a well know real estate guru mention a few times now that you can not assign options or lease options (like a coopera...