Joe B.
Inheritance now or latter?
So I've got a unique situation. I am currently living on a 10acre piece of land it is owned by my parents. They are in the process of putting everything they own into a trust. The land I live on is going to be my inhe...
Rob Dallek
Transferring title on a property received as a beneficiary from a self directed 401k
My late wife and I held joint interests in a piece of real estate in our separate individual self directed 401k accounts. Hers was a partial interest (8% of total ownership) in the property within her self directed 40...
Todd C.
Seller Financing is Confusing Me..
I'm working on a situation where I physically cannot wholesale this deal at a profit, so I'm actively searching for other avenues...APV: $125,000Outstanding Mortgage: $100,000 (was a $200,000 loan)Is there a way I can...
Sandra Holt
Owner Financing Tax Advantages
I am looking to buy a property where I have a friendly relationship with the current owner. I'd like to propose owner financing to her because I want to avoid the closing costs of a conventional loan. Who gets the t...
Steven Nguyen
Estate Planning and Estate Taxes
With the current TCJA the estate tax exemption is 11.18 million (single) and 22.26 million (married). Any estate in excess of these thresholds are taxed at 40% in CA. For example, if you are worth 20 million as a si...
Zach Schwarzmiller
Transfer Upon Death Clause - Promissory Note
Greetings - I am borrowing large sums of money from a private individual and drafting promissory notes. One thing they would like to have in the promissory note is a TOD Clause. I am not looking for legal advise, but ...
Mike McCarthy
Property management as LLC?
In the process of buying my first SFH for BRRRR. For a conventional mortgage/refi, I'm buying it in my name. It sounds like it isn't worth the higher rates for portfolio or private lending. I'm good with this plan.
D...
Bob Smith
Is Registering a LLC in the same state as rentals necessary?
This is a tax/legal questionex. My llc is Wyoming llc. I have properties in MI and AZ. Do I need to register my LLC in MI and AZ for tax purposes? ContextI have been registering it in the states of the rentals on ...
Eugene Lubman
Selling to a family member (or transferring to a trust?)
Hi,I am planning to sell my 3-unit investment property to my parents. The idea is to provide them with a steady passive income in their retirement. I will still be managing the property, as well as be an inheritor, ...
Kenyon Berry
Creative Finance Help?!?
Hi everyone, I’ve got an extremely motivated seller. The problem is the family wants more money than the property is worth without the necessary renovation to support the cost. Im working on convincing the seller to t...