John Mark Pollard
LLC or just an umbrella policy???
Hesitant to beat a dead horse, but maybe you're like me, steal struggling with the decision of starting an LLC or not. I'm still weighing my options and have not made a decision. However, from a liability standpoint ...
Benjamin Pifer
Will I have instant equity to tap into?
I'm looking to buy a single family home to rent. It's tax assessed at $52000 but is for sale for $38000. Say I buy it for $38K with a 20% down payment ($7600) leaving a $30400 loan. If a bank will give an equity loan ...
Callie Miller
Cost basis calculation for depreciation
I have a condo unit that was converted from primary residence to rental property in January 2018. I calculated the cost basis for depreciation when I filled my 2018 tax return and thought everything was good. But now ...
Rick Klopp
1030 Exchange vs LOC payment
Considering two options for an upcoming sale. Back story - I made a purchase of a SFR back in February for $5,500 (not a typo) that required significant renovation. I put it back on the market for $17,500 and just rec...
Patrick Thomas Dickinson
Sell my primary capturing the equity and investing that money in the stock market
Hello Everyone Im writing this post to see if theres any thing im missing in my thought process. Im always interested in hearing someone elses viewpoint. I have heard time and time again that a primary residence is no...
Paul True
Vacant Rental Sold Not held out for rent during sale period
So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...
Ron Read
SDIRA Disqualified Person
I'm looking to purchase a piece of single-tenant commercial real-estate in my SD-IRA. The single tenant is a business which myself and my wife own a silent 1/3 stake in. Our partners are unrelated third-parties whom...
Horacio Gutierrez
Calculating taxes with capital gains tax
Hello On a high level view how is capital gains calculated in regards to taxes as well ordinary taxes. Do you first get salary from work for the year and make some standard deductions and then see what ordinary tax br...
Bryce Hedrick
Finding Comps in South Carolina
Hi my name is Bryce Hedrick, I'm a wholesaler in the Greater Charlotte, NC area. I am finding a ton of leads in SC but am having trouble finding comparables. From my experience, SC property information is very tough t...
Jim McCabe
Should I Flip or Hold
I have a property I am looking at currently. I think I can get it under contract for $55k. Its ARV is around $110k. I was looking at this as a flip and sell project. However now, I am think I could rehab it. I est...