Crystal Davis
Agent Commission under inheritance property
HiI I am a licensed realtor and I want to sell inheritance property in which I am the executor of the estate (along with three other family members)Can I sell the property and earn the realtor agents Commission legall...
Kyle Carter
Ohio Legal Considerations for Rentals
Hello BiggerPockets Community!I am about to buy my first property in Ohio and I would like to gain as much information as I can in regards to the different legal issues of which I can face in Ohio. In regards to tenan...
Mario Nacev
Tax Strategy for first deal
Hello,I am looking to build a 4 Plex in PA.I am in the preliminary phase of planning and my questions relate to entity structure, taxes, and finances Background:Land Cost $10K Build Cost $200KAppraised Value at comple...
Phillip Daly
Rolling a home into an LLC
A partner and I own a 22 unit complex under an LLC. We recently purchased a house and plan to purchase it under 1 of our personel names so we can take advantage of 30 year terms. Our plan is to roll the house into o...
Stephen Lyons
Stocks to Real Estate
I have created a substantial amount of capital through the stock market and want to transfer to real estate. I was wondering if anyone knew if there is a way to transfer without paying capital gains tax. Is there an e...
George Leeman
S corps and Distributions taxed as capital gains?
I am considering starting a s corperation to own my LLC's that I keep my rental properties in. From what I understand I could pay my self a small management salary of something like $6000-6500 per year, and receive th...
Toby Fellows
Interesting one - Should i invest as a co owner to help buy my friends primary home
My good friend went through a messy divorce which hit him hard financially. He wants to get back on the property ladder and we have talked about me putting in 50% of the deposit needed to purchase a house. He has a go...
Kyle McCorkel
Which LLC to use for a flip
I have done only buy and holds up to this point, and my focus will continue to be buy and hold in the future.I have two LLCs, #1 is more established with 4 rental properties right now. With all the tax write offs incl...
Mark Gruetzmacher
Tax Question
Hopefully someone can give me some helpful info. My main concern is with the tax implications.We just purchased a SFR, actually a Manufactured Double Wide on a Basement and 1 acre of land. The property is being purc...
Account Closed
Life Insurance to avoid taxes?
Is it possible to avoid paying capital gains if i get a life insurance?I heard life insurance has 3 benefits1. It pays you 6%.2. Your money is untouchable.3. Tax shelter