Mary Joe
Florida law for transferring ownership - need advice
Hello, can someone tell me what is the best way to transfer ownership of a property from a C corp to myself personally ?
I own 100% of the shares of the C corp. I own the property free and clear.
I und...
Eric Tomlin
Partnering with your own self directed IRA to purchase land
Hello everyone,Knowing that these can be very muddy waters at times, my wife and I have been struggling through the IRA real estate investment information available on the internet. It is plentiful, but not sure, some...
Kevin Humphreys
REITs v. Direct investing in real estate
My question is pretty basic. What are the main reasons why investing directly in real estate is a better idea than just investing in REITs.My understanding is that the rate of return on REITs is generally higher than...
Robert Littke
Types of Ownership
I have a client who owns a 10,000 sq. ft. Flex building that he developed two years ago. He occupies about 3,000 sq. ft. and has been unsuccessfully trying to rent out the other portions for over a year.
Part of the ...
Account Closed
Opening HELOC on Parent's LA Home, My Name Not on Title
Hey BP, making my first post here!I'm looking to open a HELOC on my parents home here in Los Angeles, and use the money to fund rehabs to make their property rent ready. Currently my parent's home is my primary reside...
Daniel Murphy
depreciation recapture / property transfer / divorce
Hey all, we recently did a cost seg & bonus deprecation on our STR for about $180k worth of deprecation. Well... it turns out married life may not be married life by the end of 2023. Can anyone point me to resour...
Rohit Dhing
Anonymity compliant structure for rental property in Dallas
I found this post https://www.biggerpockets.com/forums/585/topics/460899-how-to-set-up-asset-protection-with-anonymity-in-texas and would like to setup something similar for my DFW rental properties? Anyone know of a ...
David Lao
Interpretation of 8582 Special Allowance for Rental RE Activities
"Special Allowance for Rental Real Estate Activities
Active participation. If you actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from...
Candice Jensen
LLC or Personal Property
Hello group! I've been managing my family's property (11 units) for 4 years now. After lots of learning, my husband and I are ready to start our own portfolio. I hoping to schedule a meeting with a CPA this week, but ...
Brian R.
LLC Valuation for Owner-Occupied Commercial Building
Hello,I am in a group of physicians buying a building that our practice will be renting out. The practice is the guarantor on the loan with no personal guarantees. The building is being purchased in an LLC. When p...