Terry Royce
1031 Exchange on a flip
I have 2 properties that are getting ready to
Settle in the next 30 days, I would like to do a 1031 Exchange either into another flip or into rentals. I have read conflicting info on this topic in regards to flips, ca...
Brent Baumann
Am I calculating this correctly? TAXES
I have an appointment to meet with a CPA on Monday, and am researching everything now to test his knowledge in real estate planning. (any specific questions to ask would be helpful)I looked at all of the different ta...
James W.
What happens to those who make over $450k? What changes are you making?
For those who are lucky enough to make over $450k/year, what changes are you making?
From what I understand
1) tax rate goes up to 39.5%
2) you cannot take mortgage deductions anymore?
3) dividends from your corpor...
David Pedersen
1031 Exchange for 50% of Owner-Occupied Property
I own a 4 unit apartment building, live in 50% of the building and rent out the remaining 50%. I'd like to sell the building and do a 1031 exchange for the 50% share that is income property by purchasing a like-kind p...
Jonathan Berry
Questions for a CPA - Selling Personal Property and Tax Liability
I have what I think is a two-part question. So here is the scenario and hopefully it makes sense.If someone were coming into money from the proceeds of their primary residence (qualifying within the 3/5 years occupan...
Kyle Sosnowski
Florida Homestead Info
Hi all,
I currently am reading a book that frequently mentions Homestead Exemptions in Florida (obviously due to the unlimited coverage)
The reason for this post is, I am not currently located in Florida as of yet...
Dan Robinson
Buy Occupied Apartment Buildgin
I've got a contract on a small apartment building in DC that is partially occupied. I'd like to eventually facelift the units and raise the rents. I'm aware of the TOPA requirements, and I have clauses in the contract...
Account Closed
Licence For Promissory Notes?
I've been loaning businesses rehab funds for their projects and was wondering if my business activity requires a licence in Oregon state. I'm in Washington and so is the business I loan to however the projects are in...
Daniel A Lee Kim
Homestead Exemption Texas
Hello everyone,I'm relocating to Texas on order (active duty) and am about to purchase a SFH which I intend to live in. Can I file Homestead Exemption for this property given I get Texas driver's license? What would...
Ryan Busby
Open a business bank account?
Hello fellow investors!Three days ago I closed on a duplex - one unit has two years left on a lease and I will be living in the other unit (house hacking). I have two questions:1) Should I open an LLC, even if I'm jus...