Linda Brent
Purchasing rentals without impacting personal borrowing power
I am a new investor interested in financing a few rental houses over the next couple of years. My husband and I have an LLC for this. My problem is that we have complicated personal real estate maneuvers to make over ...
Dan Robinson
Tax implications of moving property into LLC
So it's pretty clear (to me at least) that I should be moving properties titled in my name into an LLC based on the recently passed tax bill. They have been in my name for several years now. Are there an implications ...
Nick Holty
Do i pay tax on the sale?
Hi, I am building a spec home. Its a 2 unit town home and i am going to be living in one half and selling the other half. When the sale takes place it will knock a large percentage off my build cost and i will Cary th...
Trenton Parks
New Construction Tax Timelines
Had a quick question for those that do new construction. Do taxes for new construction in regards to 1031 exchanges and the 2 year rule, start when the home is completed or when you purchase the lot and begin constru...
Surendra Meduri
Tax foreclosure it's affect to the owner
Have few small properties in OH where market has not been improving. These are not saleable tried multiple times, ready to donate FREE no organization is interested in.If I dont pay taxes will County perform tax fore...
Jeremy Anan
100% Membership Interests in the Company vs Straight Sale
Hello BP,I am currently in negotiations with a broker on a multifamily property. Instead of a straight sale, the owner is rather selling 100% membership interests in the company whose sole asset is the property. I obv...
Anthony Ocasio
Numbers on property in need of full renovation
So I inquire about a lot of fixer uppers in need of full renovations. But it’s tough to run numbers since taxes increase after renovations and stuff like that I was wondering if there is an easy way to run these type ...
Sam Williams
Part time wholesaler taxes
I'm wholesaling part time. Still very new. I'm considering just setting aside 40% from the sales proceeds then paying taxes quarterly from them. I am also concerned that it's going to impact the taxes from my day j...
Bryan K.
Refinance an investment property purchased with cash thru an LLC
Hi all, 2 of my business partners and I are set to close on an investment property in Chicago next Friday. The seller already had an all-cash offer, and it was a great deal, so we looked for a way to beat out the oth...
Megan Alice
Advice - Keep or Sell LA Condo?
Hello BP community, I am in need of advice on whether to keep or sell a condo (2 bed, 2 bath) in LA (Frogtown/Elysian Valley) that I purchased in 2017. Complex was built in 2017 so no rent control.Purchased $480,000,...