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...
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...
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...
Jil Tin
Debt or Leverage of Low interest,what is best plan before retire
Debt or Leverage of Low interest, what is best plan before retirement?we live in California, have primary home and a rental home. I have 530k balance primary home first mortgage locked 3.5% for 30 years (PITI=$3263), ...
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...
Evan Williams
Rental property, self-employed, tax
Can a pre-taxed self-employed income (pass-through entity) be used to purchase a rental property?
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...
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...
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...