Jim Douglas
New LLC or existing Corp
I am in the process of buying a peice of commercial real estate with my sister. My last post has the details if you are interested, but here is the short of it. My sister and I are buying a commercial property fro...
David Oldenburg
California Probate Joint Tenants Question
I have a client who has been on title since 2006 with 2 other people. One of them recently passed away, so the two are left. This leaves the remaining 2 holding title 50/50. My client wants to sell the home and spli...
Joan MacDonald
Current co-owner in personal name needs LLC-held loan for buyout
Attn: I don't need a lender because I already have one. This post is only about the strategy of moving a 50/50-held personal asset to an LLC-held asset, including a mortgage. The purposes are to buy out my partner + h...
Asia Callier
Liability Insurance
Hi Everyone,Do I need liability insurance for my owner occupied 4 unit? Any insigh will be appreciated as I'm scheduled to close Thursday?! The property is not currently held under LLC, but I do plan to set one up...
Ashan D
Does international real estate lose US tax benefits?
Hi all,
A big advantage of real estate is that it can be a large tax writeoff. The "depreciation" and mortgage interest writeoffs can save quite a bit.
If I invest in say mexican or canadian real estate will I lose ...
Val Csontos
IRS says: No Capital Gains Tax for You if you sell your section 8 rentals!
There is a catch of course, but that is normal when dealing with the IRS. However if you have a long time Sec 8 rental, and you wouldn't mind to sell at ZERO Cap Rate this is your lucky day!!Read the details on this ...
Ahmed Elgalad
Where are the HOA Foreclosures held and when for OC, CA?
Hi,I've bought alot of HOA's in Dallas TX and would like to know where are they held for properties in Orange County, CA.
Stuart Udis
Attention New Investors - Asset Protection Simplified
Attention new investors: As I’ve immersed myself in the BiggerPockets forums, I’ve observed an extreme emphasis placed on asset protection by those entering the business but their approach and where they decide to all...
Will Barnard
Take the Tax Hit or 1031?
I have a problem and would love to hear some opinions on this.
Here is the scenario: a $1.5M tax exposure (net profits on sale of property) and a lack of desire to pay Uncle S. and CA 50% of that ($750k).
So the ques...
Scott Groves
Austin qualified intermediary recommendation needed
I will be closing on a rental property that I have in Michigan in a couple days. The closing was rescheduled due to a change that the buyer wanted to make regarding the loan. The new closing date has not been schedule...