Allen Bo
Incorrect measurement of property lot in County records
I started the remodel process with a GC of the property I own and the first thing they did was to measure the property lot.It turned out that the county record has 6-ft less width for the lot than the actual length th...
Andrew P.
Using wife's condo as rental property
Hello, question for anyone who may have insight on the best strategy. Wife and I recently married. I started a LLC before we were married in preparation to start owning rental properties . It’s a sole proprietorship.W...
Gerald Maczuga
Selling rental properties
I plan to sell 2 rental properties in 2024. I heard that I can avoid paying capital gains on them if my husband and I make less than $94,000 combined. We are retiring in a few years and will likely make less than th...
Brad Milligan
I will have $2M in Cash best way to get 9-10%
I am looking at selling 2 multifamily complexes (22 units and 6 units) Im looking for a multifamily syndication with an A share and B share setup. Where the A share is paid a preferred % of 9-10% monthly. Since t...
Ian McDonald
Depreciation recature and capital gains
Hello,Is it just me or does depreciation recapture and capital gains make real estate seem less lucrative or attractive than it used to? I'm not to keep on losing 40% of my hard work to the government. I know 1031's...
Danay Ramirez
Foreign individual direct ownership
Income tax: A foreign investor receiving rental income from U.S. real property must pay income tax. Usually, the rental income is considered effectively connected with a U.S. trade or business, and therefore, it is ta...
Mike Irwin
Short term rental
If I buy a property for short term rental and do a cost segregation study to speed up depreciation, can I later decide to convert to a primary residence? Is there time limits to convert, I understand that there may be...
Curtis C.
Basic Owner Finance Questions
Just a few basic questions:
1. When you sell a owner financed house, technically, by law your supposed to pay taxes on it. You just sold that house thats worth 120k. But you only put 75k total into it. As far as the ...
Richard Z.
LLC partnership buyback tax question
I have a question regarding LLC partnership buyout tax implication. I'm making a simple LLC scenario for easy discussion.The LLC has three partners A B C. LLC did real estate development project: it bought a land and...
Nathan Frey
JV Partnership - Fix & Flip
I'm am about to partner with someone in the Atlanta on a fix & flip property in the Canton area. I have a draft JV agreement, but the general structure is I would provide the capital (up to a max amount), he'd co...