Pete Nater
Questions for Note Investors
Thanks for your insight. I appreciate it, really. Here are my questions;How is the income from mortgage payments to the note holder taxed? Is it unearned income at a lower rate? Are there any tax tips you might recomm...
Johan Specht
Transfer property title from LLC to personal name, Taxes?
Hi, I opened an LLC and bought 1 house under its name 3 years ago, the house came with the tenant included. I don't need the LLC any more and would like to close it and transfer the house title to my personal name (th...
David Ounanian
What tax benefits or implications should I be aware of as a real estate investor?
Real estate investors should consider key tax aspects for financial optimization and compliance. Given potential tax law changes, consulting a professional is crucial. General considerations include:Income Taxes- Re...
Lisa Bell
Closing for a NON Profit
I have several people with lots of expeirence and money that would like to do some of their DSCR and fix in flip using their NON Profit Charity instead of their LLC. 1 in particular is associated with Affordable Hous...
Simone Roche
Tax Question: Rental prop -> failed renovation -> sold
Bought a rental property in LA County, CA back in April 2018. Rented until Sept. 2018. Hired contractor for renovation in May 2018. Due to unexpected increase in cost to complete renovation the renovation project wa...
Mike Flora
1031 purchase replacement property below market value
Can this work for a 1031 exchange and how would this be taxed. This is an example below but easily could be done in the future of my business.
I️ sell my free and clear property for 100K, which is what it appraised f...
Jason Chu
How do landlords deduct expenses that span multiple properties?
I am wondering if there has been any real solid resolution on this topic. My CPA has instructed me that the auto expenses (at least the proportion used for rental activities), overhead such as office supplies, sof...
Lisa Eckman
New to Private Lending
I'm new to Private Lending. I've been concerned about how to cover myself in a transaction, but am now asking about if there is anything legally I need to do to be a private money lender. Anything legally required? ...
Martingale Kim
Gift tax from foreign parents
my parents in law want to give us $60,000.i know there's a $16,000 gift tax limit. so to qualify this limit, does my parents-in-law need to wire me and my wife respectively 4 times at $15,000 each time?what will be th...
Account Closed
Are Principal Payments Subject to Income Tax? Asking for a Friend
What's up everyone! A close friend and I just had a discussion regarding the tax treatment of P&I. Whoever is right gets a bottle of Tito's so, no pressure here! While talking up funding strategies, I mentioned to...