Julia Fergo
in escrow, shall i form LLC prior to close escrow?
i am in the beginning of 45 days escrow process to purchase a house in LA which i will use either as rental or live in one room and rent another. what would be the right thing to do right now? to form LLC before titl...
Norman Scott Duncan
Sale of property within LLC
Three family members have owned a house for 10 years - always occupied by a family member. This year we placed it in a LLC (Limited Liability Company) in order to rent it for about 3 months of the year. Now we have ...
Kristi Monighetti
Buying House from Parent With Unique Circumstances
In 2018 I separated from my husband and needed to buy a house. Due to my pending divorce my dad helped with my house, I put the money down to buy it and he obtained the loan and also left me off title (long story ther...
Lily De Filippo
LLC for Phoenix Arizona ?
Do you need an LLC to wholesale in Arizona? Moving back in the spring ....
Tommy Benson
Question for veteran wholesalers
How does taxes work for wholesale income? Specifically is it considered capital gains even though you get an assignment fee?
Michael Fenton
Questioning the viability of the Series 65 for accredited status
Background:
I am individual living in Florida who does not work in the financial
services industry, but has a background in finance.
There
are
lots
of articles out there that discuss utilizing the Series 65 as a...
Lesley Resnick
Starting up an Oppotunity Zone fund
Has anyone started an Opportunity Zone Fund? If you are not familiar, I recommend googling it.In a nutshell:You can defer and ultimately erase capital gains, through investing in an Opportunity Zone. The devil is in ...
John D.
If rental is converted to owner occupied; then is $250K tax free?
Consider I buy a property and rent it out. Then sometime in the future I occupy it as an owner for 2 years and then sell it off. Would I receive the full $250K profit from selling the property as tax-free money?
Dan Stelmach
Capital Gains - Best ways to reduce
Hi There,
This is my first post so thank you to anyone that can provide feedback!
I recently bought my first residential property (a condo) in the burbs just north of Chicago. I bought it off market at a great dea...
Melissa Kirk
Converting a 4 Suite Office Building into Commercial Condos
I'm considering purchasing a commercial office building that has 4 suites. My own business currently leases one of the spaces. I would like to then convert it into a commercial condo. I know I would need to establis...