Hello,I have heard of leasing your short term rental to another LLC that you own in order to minimize tax liability from a video that I watched, but there was no information given on why this is advantageous or the me...
Hi, I am curious on what can be done to avoid/reduce capital gains tax on a property I sold. I know I could have done a 1031 exchange prior to selling but we did not plan to continue investing in real estate, we wante...
Is there a way to transfer a parent's home to their child/children without paying taxes? property in question is in hamilton
What is the best way to delay or avoid paying depreciation recapture tax? It is my understanding that when you sell a property, you are required to pay back all of your accumulated depreciation at a rate of up to 25%....
Hi all,
I have been working in a deal where I am going to acquire 3 rental properties. I am very confident I can sale one of these properties and pay off the other two. Through reading I have gathered that you can avo...
I am looking into buying a long distance rental property. I was wondering what are the tax regulations. Will I be double taxed, once in my home state and the other time at the state where the actual property is? I wou...
I remember reading somewhere about purchasing a property Quit Claim Deed it to a LLC. Then selling the LLC instead of the property. You would be selling the Company with the property as it's asset. Has anyone heard...
Hi all,My questions are about "seller financing". There is a house in my neighborhood that has sat unoccupied for 10+ years since the owner moved out due to black mold. We are not seeing a mortgage on this house. We a...
Hello BP, I have a question about LLC partnerships and tax ramifications. I want to create an LLC to hold title to a house we have under contract. We intend to flip the house. My husband and I both have w2 jobs and so...
Hello,I am a new-comer to investing. I plan on wholesaling at first to build up my capital while at the same time growing my network and learning all I can about the business. While my plan isn't to remain a wholesale...