Considering purchasing my first rental property. Can anyone give me a brief description on the tax implications of owning a cash flowing rental property ? What are the pros and cons from a tax standpoint ?
The time has come where we lost someone special and they have moved the estate in our names.There was a reverse mortgage taken out in 2017. Our angel used a little bit, not too much, and kept a line of credit open.By ...
Can you Quitclaim deed a property from one LLC to another In Nevada? (or most states ) If so what is the best way to handle the tax implication? What interest or taxes would i have to pay for something like that ?
Hello all, We are in the Oklahoma City market (and some surrounding markets) and we are currently sitting on 4 renovated/listed properties. We have never had to hold properties as long as we are now. The problem we fa...
Good afternoon!I am trying to find the options to set up an entity to participate within another entity (LLC) in a construction deal.An associate of mine is putting together a construction project for single-family ho...
Need some clarification here. Multifamily syndication distributions usually come in three forms, yearly cashflow, refinance, and appreciation. I wanted to make sure I understand how each of these are taxed. Please cor...
I come from the world of stock and bond investing, and am looking to diversify with fractional trust deeds purchased from a HML. I'm considering 1st position TDs with <70% LTV. The RE used as collateral are eithe...
Within the past 2 weeks I got 2 capital calls from different sponsors, I'm assuming that there are many deals in similar situations.The sponsors are saying, If they have enough capital to bring occupancy to 90% they w...
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.
Investors that are wholesaling and flipping are typically in the business of re...
Current Situation - Trying to tax plan for 2020 tax year- househacking with SO and 3 other roommates, and planning to claim active participation and claim a deductible passive loss- Deductible expenses are based off f...