Kevin Barrett
First Response From First Mailing Campaign
I recently mailed out a batch of YLs and received my first call (well, Google Voice Voicemail) today. When I called the seller back he told that he was interested in selling, but he stated the following:
"I'v...
Heather Fullerton
Best way for my mom to gift me her condo w/o capital gains tax
My mom bought a condo for 150,000 over 10 years ago. Probably worth 190 today. She has rented it out for several years and now wants to give it to me. Shes figuring she will have to pay about 30,000 in capital gains t...
Mark E
Capital gains tax...
I have an issue coming up were my parents are selling there investment home of 6 years and want to re-invest in another state. However, will they avoid paying capital gains if they buy a property acouple of months aft...
Sean Walcott
Depreciation and Syndication
I am deciding about starting to invest in syndications, does anyone have resources that discuss the depreciation benefits? My primary goal in investing in real estate is to lower my taxes.
Trey Read
Exit strategy on SFH
Looking for a RE meet-up in Central Ohio!Looking to offer my help, to network and to gain knowledgeNot looking for a Guru sales pitch! I've signed up for a CORRE meet-up, does anyone have any reviews on this particula...
Jake Waslaski
Should I sell the property under 1031 or not?
Okay I have a little over 200k in equity on my first rental house. I plan to use the equity to jump into a larger complex. I have looked up and studied 1031 exchanges for a while now knowing I’ll be selling when th...
Nathan G.
Newbie form 1099 contractor question--cash or credit?
I would like a contractor to do some tree work on my first rental next week. The quote is $1900 cash or check. I just learned about filling out a form 1099 for contractor payments of over $600. It looks like I can ...
Grant Shipman
Can I rent my car to my property management company?
Any attorneys or risk managers out there that have knowledge on this question? I had an extra family car, that I want to be full time dedicated for use by my PMC staff. I know I could sell it and retitle it into my P...
Hen Ley
Taxes for flipping in LLC vs. personal name?
Is there a difference in the tax consequences for flipping in a single member LLC vs your personal name? Any suggestions as why to do one over the other?
Jake Paul
I co own - should he gift me the prop? To avoid capital gains
My brother and I plan on selling our property that only I have been living in for 2 years (I pay him $600/mo for rent. My brother lives in his primary). On title, He owns 25% and I own 75%. For him to avoid capital ga...