Based on responses on BiggerPockets, I've realized that addressing these two concerns is not necessarily complimentary, one can cause problems with the other. In Brandon Hall's article on tax planning "Higher Earner V...
Hi I'm setting up an entity for flipping in California. I was only planning on maybe 1-2 flips by the end of this year (so far there are 0 and next year may be more)I've seen different ideas as to this as I'm a small...
I've had a rental property in Alabama for 12 years; and it's paid for; and I have received an offer/contract for $170,000. I would be interested in hearing your suggestions, ideas, advice, on how you would handle the...
Investors often ask “what happens to my 1031 exchange transaction if I sell my relinquished property and cannot find suitable like-kind replacement property to identify, or I cannot acquire the property that I did ide...
I am having great difficulty interpreting California tax code regarding tax deed sales and need help for the following scenario:Minimum bids are initially set to total of all outstanding tax liabilities (including pen...
Ok, so this may be a long lead up, but I'm explaining the whole strategy here. I posted yesterday another topic asking about how cool banks are with letting your primary house sit vacant for 1 year, then using it as a...
My good friend Luca Wallace shared this with me this morning and I thought it might important for you to know!https://www.forvis.com/article...
Hello,I currently own a single family home here in St Paul MN. I am thinking about selling it and buying a duplex to house hack. I also have an option to keep my home, rent it out, buy the duplex and house hack it.I n...
My wife are in escrow on our first rental property purchase (in the Columbus, Ohio market) and are underway with inspection, finalizing the loan, getting quotes on homeowners insurance, interviewing property managers,...
My brother wants to get 5 rentals off his name (mom's real estate, mom doesn't want them either) he already owns over 25 of his own. He wants me to add my name to be part of the LLC but of course help/pay any tax liab...