Landon B.
1031 exchange questions when flipping a home
Hello,
I flipped a home under my LLC over the past 5 months. I then took proceeds/profit made from the flip and invested it into another flip home. Would this qualify for a 1031 exchange and is there anything I shoul...
Ramiro Rodriguez
When do you pay the taxes if you 1031 and end up paying off the mortgage?
I am considering a 1031 Exchange when we decide to "move up" in home in the future. If we 1031 Exchange and end up staying in the home a paying off the mortgage are the deferred taxes due the day you pay off the prope...
John Underwood
TN tax return for a STR?
I know TN has no state tax.Is there any requirement to file a TN return on a STR? I live in SC.Wyoming LLC owns a TN land trust that owns the cabin.My CPA asked me and said sometimes a state return is filed, but I jus...
Francine Laroche
Inspring investor and Landlord?
I havent had a w-2 in years.. i started a cleanin business (under the table 😬) maybe 10 yrs ago. All i do is work. I also have a side hustle doing couponing and reselling. That grew to be too much and recently havent ...
A G.
LLC & Reseller permit
I am just completing a short plat subdivision on a rental that I owned. The land had existing home that has been rented. My plan is to build new homes on the new lots possibly for rental but in future sale as well.i a...
Aaron Moayed
Out-of-State Income Taxation (CA residents - IN investor)
Hello,Would I be double-taxed on income tax if I invest in Indiana as a CA resident? Does this happen at all (in any state-to-state taxing), or are there always credits (i.e., paying Income Tax in only one state)?
Manish Naidu
To Sell or Keep??? Advice please...
Hi All,I bought a 3 bed 2 bath condo about 3-4yrs ago. Purchase price was $125K (short-sale). It rents for $1500-1600/month.My tenant will be moving out next month and I can't decide if I should sell or keep it. The m...
Eunice Villarroel
Trying to make the most of my taxes in order to qualify for loan
WOULD REPORTING 15, 000 MILES IN TAXES LOWER MY NET INCOME TO A POINT WHERE I DONT QUALIFY FOR THE SAME LOAN AS IF I HADNT REPORTED THE 15,0OO MILES?
Sherfeng Vue
House Hacking and Creative investing
I am new to real estate investing. I was wondering how would you continue to house hack after house hack with low money down? Also, what are your favorite creative investing ideas with low to no money down? Any strate...
David C.
Tax question new construction
If I decide later to start a construction business (actively building and selling new spec houses), assuming this is taxed as ordinary income with social security, etc and treating the homes as inventory - if you buil...