With the current TCJA the estate tax exemption is 11.18 million (single) and 22.26 million (married). Any estate in excess of these thresholds are taxed at 40% in CA. For example, if you are worth 20 million as a si...
We we are moving, from Indianapolis to Asheville. Where we are:1. I have a good job that make 3-6k month. 2. My wife has a business that makes 1.5-3k month.3. 4 month old.4. I know lots of people who would loan mone...
I am planing to enter into a JV with another partner and need some opinions on the best way to structure this deal.
1. I will by the LAND with my own funds for $420k (NYC area).
2. Will work with the ...
Hello everyoneI like to get the inputs from some experience investors, and what you would do if you were in my shoes.I bought a 2/2 town home in San Jose in Feb 2013 as primary residence for 520K with 20% down, which ...
Wondering if any investors are investing their cash flow to maximize the return they get on their money. I'm not currently living off my cash flow and would like to invest it in something liquid, and relatively safe ...
My elderly parent has a house and land to sell (~300k). She’d like to gift to us somehow- is it better to sell and then gift the proceeds to invest in real estate or put the house in our name first - then we sell? G...
Hi!I have tens of thousand in my company's 401(k) Roth, and I plan to move to another company this year. I just recently knew that Roth IRA has much more benefits:- Withdraw the principal anytime tax-free- Withdraw th...
2 years ago purchased 2BR/2BA condo in 4-star building to live in; one year ago acquired two additional condos same building through 1031 tax exchange that break even on cash flow but lots of gain embedded in each fro...
Howdy All,
So it looks like Biden is going to limit the 1031 exchange, if it passes. You will be able to shelter only $500,000 of capital gains per year. This may be a huge blow to large multifamily investing and ma...
Hello!My wife and I own a home in Woodinville, WA and next year will be our second year owning the home. We plan to sell and use the $500k exception to the capital gains taxes because we lived there for two years. Our...