Olen Main
How to buy house after the owner died?
Hello everyone!I'm Olen and excited to learn more about real estate. I currently work as a firefighter and own 1 rental property (3/2). At work it is often for an older person to die and to be living alone with the ...
John Haveman
HELOC lender to LLC with foreign shareholder
Hi there!I'm looking for recommendations for a HELOC lender to an LLC with a foreign shareholder.Property - Atlanta, GAProperty valuation - $240,000 (Zillow $279,000 unlikely)Current mortgage loan - $120,000LTV requir...
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Tax implications of sister-in-law on title?
Hi all,
My wife and I are helping her sister to buy a condo so she'll have a place to live when she gets married, which is coming right up. However, she has no established credit, so the loan will go under our names...
Roman M.
Roth IRA first or down payment directly when purchasing?
Hi everyone, I am purchasing a triplex and I will be living in one of the units for a while, my question is should I put the 53k in a Roth IRA first and then use it as a down payment for my property or just write the ...
Thomas Jackson
Qualified Opportunity Fund & Opportunity Zones?
Anyone have insight into these Opportunity Zones and Qualified Opportunity Funds? I’m more specifically interested in the Akron, OH market but I’m guessing all of the “Opportunity Zones” across the country provide the...
Kabir Gandhi
Deducting Losses on Sale of Primary Home converted to Rental
I purchased my primary residence in June of 2017. I overpaid for the property, this was a rushed purchase after a move to a new city. Horrible financial decision. If I sell right now, I will lose a good chunk of mo...
Danielle D.
Need help analyzing partnership change
Hello all,
I have a couple of questions regarding the analysis in a percentage change of ownership and I'm hoping to get some insights from the group.
I own a commercial, free standing building with a partner. We'r...
Holly Hudson
Getting out of 1031 exchange
I am interested in a 7 unit property. This is the last investment property held by this owner. Asking price is around $800,000. Owes about $250,000. He bought it with 1031 but wants to get out this lifestyle and will ...
Account Closed
Quick 1031 Exchange Question
Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?
Todd Willhoite
Tax implication of having my LLC manage rental held individually
I am purchasing a rental property in my own name in order to get conventional financing. I have an LLC with rental property in it. It would be easier to keep track of expenses and in renting the property to tenants ...