I have a tax question. I have a financial advisor friend who said he can defer taxes (similar to 1031) from real estate proceeds into a charitable remainder trust or CRT. First, does anyone know if that is true? Now i...
My parents are looking to donate or sell a rental property to me and my sister and I’m trying to figure out which would be best. I plan on taking out a loan on the property (which is paid off) in order pay down debt a...
I see many people on this forum talking about multifamily buy and hold investment strategies to create personal wealth, as well as business set up specifically to generate profits through the same means. Why do Non-pr...
https://www.washingtonpost.com/realestate/deconstruction-can-provide-huge-tax-benefits-for-property-owners/2016/08/24/8f6c5270-62fb-11e6-96c0-37533479f3f5_story.html
There is a unique tax deduction in the US called a “conservation easement.”
It was designed by the IRS to encourage real estate owners to make pristine land, that could be enjoyed by the public, a conservation ground...
Not sure if I picked the right category for posting my question. But I recently heard of an idea of renting your primary home from your own business entity. Let's say I want to buy a new house to live in, can I set up...
Has anyone ever donated land to a charitable organization before via 501(c)(3)? I recently bought a piece of property that is located behind my rental property for 8K with the idea of possible building a four plex on...
I attended a local REI meetup last night and the guest speaker was an auctioneer with 37 years of experience in RE investing. He was selling a strategy of buying properties on cheap because they were good for nothing ...
I "retired" 5 years ago but kept two rentals because they're in great locations, with great tenants, good (not great) cash flow and are appreciating nicely. My plan was to sell them when I turned 70, in 5 years. Howev...
I have a flipping business structured as an LLC. We just sold our first flip and made a profit. With respect to taxes and charitable giving, should I give from the LLC or take a distribution from the LLC and give out ...