Bobby Morris
Avoiding Property Tax Assessment Increase
I'm looking at purchasing a 5 unit building with 4 upstairs apartments and a ground floor commercial unit. The current assessment is roughly 200k and the purchase price is likely between 800k-1M. The listing broker is...
Mike Kalob
Avoiding Transfer Taxes into LLC
Anyone successful moving a property from their personal name to single-member LLC without paying the Realty Transfer Tax? I prefer using a Warranty Deed vs Quitclaim based on previous posts here.Here's a case (https:...
Luke Predmore
Avoiding taxes on Rental Income
So I am about to start renting out part of my home. Is there a way that I can avoid paying taxes on the rental income? Could I have my renters pay my mortgage rather than pay me? Like have them give me a money order t...
Amanda By
Avoid prop 19 tax reassessment
I bought my house from my parents prior to prop 19 in CA. So we have the inherited tax rate. We want to move to a bigger home but rent out our current home. If we put our home in a LLC under my husband and I will we ...
Richard Boyd
Avoiding taxes with family transaction
I have recently came across the following situation and was wondering if anyone had an input:A friend of mine owns a property that is being bought by a gas station chain. It's selling for about 900,000. My friend want...
Jason Eberhardt
Help Avoid Capital Gains Tax
Hello everyone I am hoping for a little help here. ( and yes I am looking for a CPA at the moment ) so I am a buy and hold invester in Pueblo Co. i have done the BRRRR system a lot if times and it was and still is my ...
Account Closed
Life Insurance to avoid taxes?
Is it possible to avoid paying capital gains if i get a life insurance?I heard life insurance has 3 benefits1. It pays you 6%.2. Your money is untouchable.3. Tax shelter
Sam Dal
Passive RE investing and unallowed losses
Guys - this is regarding investing passively in multi-family. Can you take unallowed losses accumulated for a property directly against capital gains when the property is sold? In addition, am I accurate in stating th...
Ryan DeLange
Principal payment only loans - legal?
Hi, I've heard some gurus, Matt Terio to be specific, talk about a three option letter of intent. The final option is a principal only loan, where you divide up the payments over 20 years and simply pay off the house...
Bill Berke
asset depreciation list
also I sold another rental 2- fam for $ 900k- taking big tax hit as 1031 was not an option-depreciation @ 25% rate no fun- anyone know tax avoidance ideas ??also some small 5 yr depreciation items may have been delete...