Capital Gains Question
In the next year or two my wife and I and planning to move to the Dominican Republic.
We own 3 properties here in USA
Property #1 Rental owned free and clear, Valued at $250,000.00 with $125...
Are there any tax implications when you cash out refi on a rental? If your lender allows a 80% LTV, you just get a check after closing and no worries ?
I'm curious if people do cash out re fi to their max LTV and the...
How do I avoid taxes if I use my own funds for the rehab costs and downpayment?Other than a 1031...ExampleIf I put down 20k (20% of 100k purchase price) and put another 20k into the rehab and sell it for 150k, I would...
I have appx $250k worth of active income this far (commercial real estate broker), and I have another $300k in income coming (though I am rolling my fee as equity into the deal so it will not be reported as income on ...
I understand that me and my wife can both be on our Texas LLC, and we can still file as a Single Member LLC so that we have a disregarded entity from a tax perspective, but we still have the liability protection. In f...
This is a very hard decision, I keep going back and fourth, I have a couple of rentals, one which cashflows pretty good 800 a month, that's with under market value rents, if I up it , I'm looking at 1,100 to 1,200 a ...
I am considering transferring My personal residence currently owned by Myself and My wife to a trust to benefit my wife and children in the future. I have a 40 year mortgage for $830,000 paying interest currently 2% g...
Here's a thought in SDIRA versus loaning to oneself from the 401k. SDIRA as we know comes with all sorts of fees.401k can be used to loan money out to the holder of the account. I always thought that to be a bad idea ...
As an agent I see quite often this opportunity missed being presented to clients and sellers. I am not sure why it is not more common in the residential field when there are a lot of opportunities being missed simply...
I’m working out off market deal with seller that is worry about capital tax gain (NY). However his odd situation might plays on his favor.. some background: He owns the place since 1990 (bought for $14k). Lived at the...