Matt F.
tax consequences of selling rental property?
can anyone simply explain the tax consequences as a result of selling a rental property thats been depreciated? i hear folks refer to depreciation "recapture" but not entirely sure what that means.
John McAuley
Active vs. Passive & Tax Consequences
Hey Everyone,This is the first year we will have rental property on our tax returns. I'm familiar with W2 income and income from our other businesses (LLCs). However, I'm not clear on the active vs. passive rules wh...
Ian Livaich
Legal Consequences of Using Private Money
Hello everyone,I am considering using a family member as a private lender. He would fully finance the property, including rehab costs. Most importantly, I am trying to structure the deal in a way that best protects ...
Stewart McMillan
Badmouthing tenant's attorney. Are there consequences?
I'm in the middle of a dispute with some tenants. The building's manager, whom I've known and worked with for 7 years, says that these tenants seem nice/normal and she hasn't had any problems with them.Unfortunately t...
Christie Gahan
Consequences of backing out of deal
I have a loan set up with a HML. The comps that I am getting back from contractors are showing that this deal will be a lot skinnier then I would like. Even with me doing some of the manual labor. I know I will los...
Matthew Williams
Wholesale backing out of contract consequence
Hi everyone, just a quick question when you have a seller under contract for a wholesale assignment. When I put down earnest money deposit and if I back out or can’t fulfill it I lose the deposit that’s my consequence...
Sammy Ming
C-Corporation Close Down Tax Consequences
Hi,I started a c-Corporation this year... Fiscal year ending June 2015. The purpose of this C-Corporation was to manage my real estate properties and solicit other landlords to manage their properties. Well I've de...
Scott Ryan
borrowing private money and legal consequences
I have found one answer in the search but not directly related to this. I'm interested in the idea of borrowing money from others. But from what I understand there was rules with in the SEC for this. I'm not sure if t...
Account Closed
Flipping without capital gains tax consequences
If there's a country that is tax friendly and pay no capital gains or estate (inherance) means it will be better to flip than being a landlord?
Let say the investor wants a quick ROI and tax benefits.
Lee V.
Consequences of not reporting rental income
This is just out of pure curiosity. What would happen if one decided not to report rental income? Let's say the tenant paid in cash each month. How would the IRS find out?This is purely hypothetical, I'm not suggestin...