Shan Radhakr
Question re: Tax implications for Seller leaving money in the deal
I wanted to ask a quick question to see anyone here has bought a property where the Seller is leaving money out of the deal's proceeds in the deal? I'm trying to figure out if the Seller will be taxed immediately on t...
David Fernandez
Legal/Tax implications of buying an LLC that owns Real Estate
Hi!II am looking to buy a small apartment building in Maryland that it is owned in an LLC. The seller suggested to buy the LLC that owns the building to avoid paying transfer taxes.I can save some money doing this, bu...
Corey G.
Assett protection & who to talk to?
I have several rental properties in the Phoenix area. I want to discuss asset protection as well as tax & insurance implications for LLCs, possible Due on Sale Clauses (as most of them are financed), Trust options...
Ian Dale Ibrado
Withdraw rrsp to invest?
Hi guys... is it a good idea to withdraw rrsp to invest in a 15% coc investment? Been thinking about it a lot lately. Rrsps can be used in retirement but if i withdraw now.. it can help me buy my next property. It c...
Brianna H.
Best Return
Howdy!I am looking for advice for the highest ROI over the long term. Here are my statistics:Rental PropertyPurchased: $100kBalance: $76kLoan Terms: 30 year, 4.564% ($389/mo)Renting for $1300/mo with approximately 50%...
Michael Meates
Taxes for investing out of state
Hello everyone!!We live in NYC and interested in investing in the Cleveland market but wanted to ask advice on tax implications?? Do we pay an out of state tax on top of standard state taxes due to living in for examp...
Justine C.
transition from landlord/investor to part-owner/silent investor
I'm not sure what the right question to ask but the gist of my scenario is that I'm purchasing a property with a DSCR loan this year to take advantage of 100% Bonus depreciation. I will be renting it to family. The ...
Tanya Maslach
Using an IRA for downpayment funds?
This may not be a "creative RE Financing" topic - so please forgive me!I'm just starting out to build my portfolio -- (I have a SFH that is LT rental and have done that kind of thing for years...but moving on into mo...
Tyler Turcasso
Depreciation Expense sends my EBIT line negative on pro forma
Hey All,I'm new to the investing world so my question stems from the effect of depreciation expense on my EBIT line for potential properties. More often then not, building in a depreciation expense sends my EBIT negat...
Jesse Barahona
Tax question in Texas
Hello everybody! Quick question, I have some body that is going to sell their home, Single Man 3 years living in the property as a primary. Bought it using an FHA Loan, What are the tax implications on this? When he s...