Erick Garske
Accounting for a 1031 exchange in Quickbooks Pro
I have already completed one 1031 exchange this year, and in the middle of another exchange. The issue that I have is how to precisely record the exchange in Quickbooks 2015. Since the premise is that there is no fina...
Kaveh E.
California LLC Fee when selling a property.
I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.-When I sell the property, would I be paying a tax on the prof...
Manjot Singh
Power of Business entities
I have heard a lot of people using LLCs and Partnerships as bussiness entities to maximise tax advantages and security
my question is what are they, how to form them and what are the advantages?
another thing i wan...
Jonathan G.
LLC vs. LP
What would be a recommended formation in Texas to acquire a property through an limited liability entity that will have limited partners contributing funds and a GP as a manager so that GP can maintain max control and...
Joe Luprete
Capital Gains Liabilities
If a raw land parcel was sold at a profit, with the seller owning this parcel for more than 1 year, with the seller being in a 15% tax bracket ( from regular job ), would there be a capital gains tax liability ? Selle...
Luciana M.
Deciding what property and rental scenario is most secure.
Hello and thank you for taking a minute to read this!
I am a Tenant in Common "owner" and this home is placed in a Trust. However, I am also looking at buying a condo in Northern Virginia
I am trying to figure out t...
Jon B
Getting out of Owner Carry
Need some advice here please. Property purchased via "Subject To" and a wrap mortgage for the loan balance. Found out property is much worse off than lead on to believe. Spoke with previous owner who is willing to tak...
Brianna Bain
Structuring a purchase
Hi! I'm looking to buy my second property in California. I want to buy a plot of land, build on it, and let a family member live there. I'm looking for advice on how to best structure this for tax/liability purposes. ...
Bradley Jernigan
Multi-Family Forced Appreciation
Forced appreciation in multi-family properties involves increasing the property's value through strategic improvements. Examples include renovating units, enhancing common areas, adding amenities, optimizing managemen...
Elton John
Is this good insurance coverage or should I add umbrella too ?
Property Purchase Price - $365k
Dwelling ( Coverage A) - $432k
Increased Dwelling (Coverage D) - $108k
Dwelling Extension - $43k
Personal Property ( Coverage B) - $324k
Personal Liability eash occurance ( Cover...