Ryan Crabtree
Selling a Owner/Seller Financed Note
Hi All, I'm trying to understand what the tax implications are for selling an owner/seller financed note.
Here is an example of my situation: I acquired a 1 acre parcel for $15K. I spent another $5K in clean up, mow...
Christie O'Malley
Ordinary vs Capital Gains: Calling all Real Estate accountants
Hi all,
Lately, I have been trying to do my best to learn the different tax laws and am confused on a few different things. Recently, my accountant told me that if I hold a property for over a year in a LLC that doe...
David Featherstone
Transfer Title/ Deed Property in Los Angeles - Tax basis
Hey everyone! My wife and I are looking to buy a live-in flip property (off-market) from her deceased grandfather's trust. While I was speaking with a mortgage broker about rates, he mentioned that since we were relat...
Sasha Josephs
**Mom is Gifting me a Down payment - How to Set This Up?**
We want to avoid going to a CPA, so thank you to any BP'ers in advance that can shed light on this topic. Maybe this is something you've gone through before?! We are new to this.So, my moms is gifting me a down paymen...
Giedrius C.
Letting use property for free, depreciation
Hi, I'm a new resident of the USA and California and have a couple of questions regarding overseas portfolio and US taxes. I understand it's not an everyday situation I have but maybe someone is familiar with the issu...
Len Antonelli
Flipping: best entity to purchase & tax and financing questions
I'm a full time realtor who has helped investors find and sell dozens of homes. I have a background in General Contracting and I've extended my contractors to my investors who have been doing their jobs at contractor ...
Laurie Clarkston
Tax advantages for owning rentals
Is there any good place to calculate the specific tax advantage to owning a rental? For example: When I purchase a rental, how much money will that save me this year on my taxes? Besides quickbooks or talking to my...
Lynn Urbina
Refinancing out of house bought together
Hello! This may be different than a lot of the other posts but I wasn't sure where else to go to ask this question. I am separating from my significant other after purchasing a house together. We split 50/50 on everyt...
David Fernandez
Foreign Private Money Lenders
Hi,I have access to foreign private money lenders (people with money that have invested with me in the past in Europe). Now I am investing in the US and a few of them have offered to lend me money at a set interest ra...
Prashant Sheth
Refinance in LLC to a different partner
I have a partner in an LLC that owns my property. The mortgage note is in my nameWhat are the implications of refinancing the property in the partners name? Is that same as sale? What are the tax implications? And h...