Charles Wesley
Selling RE - how can I minimize tax burden? something like a 1031
This is my first post folks so I hope I'm in the right place. I sure do appreciate hearing other perspectives from all the creative minds on this forum so thank you in advance!I have a vacant parcel of commercial lan...
Randy Thaler
Possibly relocating...what to do w/ devalued house
Just thought I'd post something to get some opinions from people more experienced than myself. My wife and I are thinking of relocating to another state. In the meantime, we purchased a house a year ago which, from ...
DJ Cespedes
Structuring Initial LLC
Hey BP Fam,I am hoping to get some advice from the community on this matter. Some colleagues and I are planning to form an LLC for Real Estate Investing. We plan to start off with flips to build up capital in the earl...
Matthew Hicks
LLC restriction from employer, does this solution work
Hello,
I have a single LLC that I've used to flip a few houses in, but I've also started to rent out some properties (I currently have 1 SFH, and will soon have another and a duplex). They are all in the same LLC. ...
Jackie F.
From Primary Residence to Rental - Tax Implications?
I know I can ask my tax accountant, but wanted to get a general feel for what I am thinking of doing.This home was my primary residence for 3+ years then it became a rental for the past 1.5 years.How does the capital ...
Clayton Hepler
Hard Money loan with family/friends
Hello,I have been basically given more than verbal confirmation that a few of my family/friends are willing/able to give me a hard money loan to purchase some property.Here is the scenario, I'd like to make the deal i...
Frank Bohn
Help me structure a deal with my parents - buyout/exit strategy
(TL,DR) Searching for an exit strategy/buyout options on real estate investment involving 2 couples - each with kids as heirs. I'm hoping someone here has a similar scenario, or can provide some input to this deal. ...
Johan Yang
High ratio of non-owner occupancy condo complex
I am trying to use mortgage-conventional loan to purchase a condo investment in a high ratio of non-owner occupancy condo complex in Orlando. Does anyone know what my chance be to get approved by the bank?Thanks.
Mitch B.
How do I cash out refinance a gifted house?
My father has decided to gift his rental to myself & 2 siblings. I'd like to buy my siblings out & they are ok with that. The plan is to determine a sell price we all can agree upon, so we hired an appraise...
Sammy Lyon
Calculating Depreciation on a Low-Priced Property
Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...