Ann Mclean
Textured walls and popcorn ceiling
This is my first rehab project. The whole house has textured walls and ceilings which look like popcorn ceilings. House was built in the 70s. The neighborhood is really quiet and nice. A nearby house in the neighbo...
Samuel S.
Syndication with only 1 investor?
Hey BP folks,For those who are fluent in this type of arena, could you please me know if I am missing anything? (I apologize for the length)I have an investor (just one) looking to get involved in REI, who is self emp...
Tim Silvers
Tax Implications of Seller Financing on rehabbed property
What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
James Zhang
Single Member LLC Rental Property Taxes Question
I currently have a rental property under my name. However, I would like to have my LLC's name on my property management agreement. Obviously, the property manager requires a W-9 form for income reporting purpose. M...
Matt Chavez
Do I️ have to pay capital gains?
Question.
If I️ sell my home do I️ have to pay capital gains? Can I️ use the money to pay off some cc debt? Do I️ have to roll the proceeds from the sale into another property to avoid paying taxes?
I’ve never sold...
Bert Green
Home Union Support Property purchases in IRA
I see where they support purchasing property in an iRA if it is financed the income may be treated as UBTI and taxed in the year the income is received. In addition you'll loose the capital gain treatment on the sale ...
Shawn D Augusti
Start-up cost tax deduction
I'm in the process of acquiring a second rental property. Can I calm/deduct start-up cost for this property if i add it to an exciting LLC which already holds my first rental or what that expense be considered "operat...
Juan S.
Should I form a LLC before purchasing my first investment
I'm about to purchase my first investment to flip. Should I purchase it under the LLC or not?
Michael Deakin
Allocation of Basis of Farmland Improvements
For all you more experienced RE investors out there, we recently bought a farm which includes a personal residence for our family, several improvements including large buildings and storage facilities for the farm, an...
James Norton
Protecting Your Home
Hi. So I have a question about asset protection. Here's the backstory: A few years ago a friend passed away from pancreatic cancer. From the time he was diagnosed until the time he died was a little over 1-month. He p...