Jered Collins
Question to recaptured depreciation and capital gains tax
Perhaps this subject has been discussed in depth before but I want to reinvigorate the importance of understanding the effects of recaptured depreciation and capital gains tax on sale of multifamily properties. I've ...
Andrew Tyrrell
multi-property package deal structure
Looking for advice on structuring a three-property multifamily package with two investors.The package includes two duplexes and a triplex for a total of seven units plus a buildable vacant lot adjoining one of the dup...
Grant Williams
Bridge Loans
I have been trying to build my knowledge of commercial real estate however I wanted to know is it possible to use a bridge loan in order to obtain a commercial loan from a bank? Of course since the bridge loan is shor...
Tyler Prosser
Combining Section 121 and 1031
Hello,
My parents have a primary residence purchased for $45k. Recent comps in their neighborhood are in the $1 million range. Even with a exclusion of gain under Section 121 (MFJ: $500k), they are looking at over $...
Daniel Darnall
Best option to keep track of mileage
What is everyone's best way or app of keeping track of mileage for a partner llc? We have several rentals and trying to simplify our books. Is there a way of keeping track of mileage on an app that we can all see?
Aaron Rowzee
Owner Financing a Mortgaged Property
Alright, I'm in a situation where I have a rental under contract to purchase, it would be financed for roughly $60k. Terms would be something like 5.25% for 15 yrs, amortized to 25. Current tenant may be willing to ow...
Troy Hanc
Out of province rental
Im looking at breaking into the market out of province. I understand you can use a realtor to find a tenant for you for a fee. My question is what happens after the first tenant leaves on his own or gets evicted, Can ...
Jill F.
1031 Exchange to property owned by 2 LLC's with different but overlapping membership
I'm hoping some 1031 exchange experts might know if it's possible to defer capital gains in this situation: I want to sell several properties owned by a 3 member (all family) LLC (LLC-A) and sell one property owned b...
Bryan Hancock
Would You Trade Your Real Estate Tax Deductions For a Simpler Tax Code?
I am consistently baffled by the complexity of the tax code in the U.S.
What percentage of the tax "savings" that you realize each year go to pay for overhead associated with preparing returns, planning, advice, etc...
Carnet Williams
Personal Financial Statement
I am talking to four lenders right now for a commercial loan for a 24 unit apartment building. They all have asked for a personal finance statement (giving me the option to use my own version). Does anyone have a temp...