Jeffrey Mason
Tax consequences of notes in LLC
Hi,This is a tax question about notes. I guess what I did is put money into a hedge fund that buys real estate notes. I invested using money in an LLC that is taxed as a partnership (form 1065). So far I have been ...
Account Closed
Bedbugs Bed Bugs - West Valley City Utah - side by side duplex
Just had a tenant move into one side of a duplex I manage. After the first night of sleeping on the carpet in the downstairs living room they were bitten by bed bugs that night as reported by the tenant. The prior ten...
Carla Morrison
Disclose Previous Homeowners Disclosure
I’m getting ready to sell a home I am flipping. In my Seller’s Disclosure do I include items that the previous homeowner’s seller disclosure contained? For example, the previous homeowner’s seller disclosure checked y...
Dan Muelrath
Capital gains when transferring rental into my LLC
I currently hold a few rental properties in my personal name. In 2020 I’m starting my LLC for purchasing additional rentals and would like to transfer my current rentals into the LLC too.
When I transfer/sell my cur...
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Capital Gains on Real Estate Held by an LLC
When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain? H...
Jessie Huffey
Single Member Real Estate LLC for Flips?
Hi All,My husband and I have done a couple of "slow flips" in our personal names in order to take advantage of the capital gains exemption. We are now considering buying property in Louisiana (with a promissory loan n...
Mark Adinolfi
Get Creative with DIY Home Decorating Ideas
If you're looking to add some personal touch to your home décor, look no further than DIY home decorating ideas! Whether you're an experienced DIYer or a beginner, there's no limit to the ways you can add your own uni...
John Collins
Is this a real thing - cat allergy from carpet
Can someone be allergic to cats such that they can sense when a shaggy carpet that was only 6 months old when they moved in had cats on it? This person is not allergic to dogs.
I spoke with the old owner - said hi...
Nat C.
1031 exchange requirements
I have an upcoming property sale and I was planning to do a 1031 exchange with it.The property being sold was a development project, which I was never able to finish. The property has never been rented during my cours...
Elisha Mcginley
hi everyone
hi everybody,
my name is elisha mcginley, and i'm a new member. i really don't know where to begin, so i suppose i'll tell you about who i am and what my goals are.
i grew up very poor. i was homeless for the first t...