Maria Saenz
Selling a Rental Property
I have a property that I turned into a rental 4 years ago. This property has increased in value $90,000 from the original selling price. What are the tax implications if I decide to sell the property without reinvesti...
Zac Johns
Income Tax on out of state rental
I live in TN and have several rental houses in TN. I have stayed out of Georgia, but we live right on the TN/GA line. We have found what we think is a great deal just over the border. I'm trying to research the p...
Arn S.
LLC outside protection
My wife and raise and sell cattle and started an LLC partnership in GA a couple of years ago with Operating agreement and annual meeting minutes, and all that is required. We also had an attorney draw up a Quit Claim ...
Dada Keryk
Im renting my condo and have some questions about tax return
I have rented my condo in august 2013 using property management service.
Tenant paid whole year in advance ( lump sum/single payment ) .
I have received sum of 9000$ from property management and that is aft...
Jacob A.
Starting a TX LLC to avoid inheritance taxes
Apologies if this is the wrong forum. My mom is based in PA and so is subject to inheritance taxes. She wants to buy some property near me in TX and she suggested we put her and my name on the property so to avoid any...
Daniel J.
Taxes and how to structure a "Partnership"
Hey All,I have two different questions but they are ultimately linked. I'm super confused at this point on the tax advantages of buy and hold RE. I have been talking with my aunt who is a CPA here in the Houston, Texa...
Jonah S.
Rental Property LLC State Taxes Ohio
A fairly specific question. I have a multi-member LLC in Ohio that my parteners and I use to own single family rentals. I am working on filing federal buisness taxes for the LLC in order to generate K1s, etc. But the ...
Jane George
Question about arm's length transaction
If a home is being foreclosed by the county for back taxes, and the county becomes the owner of that property, can a relative of the original owner buy the property from the county? The home is free and clear of al...
Carolyn Abbott
Purchasing a foreclosure on the courthouse steps
I am getting ready to purchase a home at the courthouse steps. If there is a first and second lien on the home and I win the bid for the first lien what happens to the second lien? Do I have to consider it when bidd...
Natalie Hahn
Good local credit unions or banks for HELOC?
Does anyone have suggestions for a good local credit union or bank in the Bay Area or East Bay? Looking for one that has low rates for HELOCs. Thanks!