Becca F.
LLCs and possibly losing step up basis
I know this is the millionth post about LLCs. I've talked to two investors in California and they said if a property is in an LLC, your heirs (my kids) would lose the step up basis. For example: if I bought a house in...
Jake Diab
Converting Primary Residence to and LLC and Renting to Myself
Hey everyone, I have a home fully paid off that I live in, as well as currently rent out to one person. If I converted my primary residence into an LLC and then rented to myself (i.e., I'd still live in the house), co...
Fred Ramos
LLC - How?
Hello ladies and gentlemen. We (Wife & I) have been investing (to hold) for just over a year and have been fortunate enough to acquire 3 SFR's so far. we acquired all 3 with the standard 20% down and conventional...
Adrian Schlueter
22 years tax delinquent...
Property is a 3/2/2... appraised value on the county tax report is $132,000... The owner is 22 years behind on taxes and owes $43,000~ in taxes...
The owner is listed at the same address... So let's say I sen...
Courtney Redfern
Income Properties in Essex County, NJ (Montclair-Bloomfield)
Hi, my husband and I live in Montclair, NJ and are learning about buy-and-hold residential real estate investing, in Montclair or in nearby towns like Bloomfield.We're thinking about multifamily properties versus sing...
Evan Williams
Rental property, self-employed, tax
Can a pre-taxed self-employed income (pass-through entity) be used to purchase a rental property?
Isaac W.
Worth it to hire a CPA for a side gig that only brings in <7,000K?
Hello All,Very new here, both to the community and to investing/real estate at large.I'm wondering if you all think it's worth it for me and my wife to find a CPA.Our financial situation is pretty simple. We both have...
Chris Collins
Return OF capital vs Return ON capital? (Syndication LP Investor)
As a passive investor in an apartment syndication, you receive distributions along the way, then a larger chunk if/when the property sells or is refinanced.These payouts to the investor are typically deemed either "Re...
Jim Farrell
SDIRA - Roth versus "Regular"?
I am squarely on the fence of whether I should convert my existing SDIRA to Roth, and would love some input from members.A bit of background: a while back, I rolled over funds from a previous employer's 401(k) to an S...
Matt Wells
Paying for primary mortgage with paid off rental properties and tax savings strategy
From a tax savings perspective, is this a good idea? If I had three paid-off owned free and clear SFRs generating $3,000 a month in rental income, would it be wise to put down 20% on a primary residence and use my ren...