David Robertson
How to avoid closing costs on foreclosure?
I am currently looking at buying a foreclosure from Wells Fargo as my first investment property with the prospect of flipping the house. Is there a way to avoid dealing with a Realtor and dealing directly with Well...
Jacob Fitzgerald
Taxes on selling a new build
I want to build a home and sell it.... My question is is there a way I can move the taxes into another loan or something so I don’t have to pay the Fed upfront? AND If I’m building one or two homes a year should I get...
Kadia Lawrence
Using IRA to fund deals and offset penalties with RE tax breaks(??)
Has anyone taken their IRA to fund deals and offset the early distribution penalties (10% and tax bracket) with RE tax breaks? What kind of tax breaks helped (e.g., depreciation, real estate professional status, etc)?
Emily Cole
Two quotes for one job; Maximize expense for taxes or pay less?
Let's say you have an expense that is a repair. You have two different quotes for two variations of the repair job. For context, your cash flow/income is small. One quote costs more than the other. Is it better to max...
Tanya Hurst
Bought My First Property - When to Bring in CPA?
Bought my first investment property in August 2023. We've been working hard to get it ready to be listed as STR. I've been reading and listening to as much information as I can find. I feel confident, but nervous a...
Michael White
Tax for foreign rentals
Hi
As a recently moved Englishman to LA, I have more contacts at home than in the US. This also applied in terms of getting investment. I was wondering how foreign investors get taxed in the USA on their property and...
Marcus Brown
85 Year old Parent / Passing property On ( Tax Questions)
Should a parent give your children Real estate as a gift for tax purposes or sell it to children for $100.00 Whats the best way to handle a situation like this.
Moises G.
Capital Gains Tax Question
I have a client who may need to sell his residential non-owmer occupied property in Malibu California asap. His biggest concern in doing this is the capital gains tax he would have to pay on it. His property is worth ...
Ryan Hutchins
Selling a Rental Property within year! Tax Consequences, etc.
Hey Everyone!My partners and I built a rental property for $350,000 and have an opportunity to sell it for close to $750,000+ based on comps in the surrounding area for the last month. Construction started in February...
Elizabeth Goff
1031 Exchange of CA to CA, then from CA to out-of-state
I am selling a property in CA with a pretty hefty gain (great!) and would like to do a 1031 exchange to avoid cap gains taxes. I think the opportunities outside of CA are better from a return standpoint, but am hesit...