Paul W.
Any tax implications for cash out refinance?
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...
Scot Howat
Taxing on "net" proceeds on a HUD
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...
Clint Worland
Franchise Tax Board got me!
Looking for some advice on how to avoid the our lovely state of California dipping into my pockets when i sell my Flips. I recently sold my first two flips and got hit with the 31/3% FTB tax on the total sales pric...
Michael Lauther
Transferring personal residence to a Trust
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...
Daria B.
Using a SDIRA versus 401k
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 ...
Alejandro Ferro
Will Seller Financing be a bigger thing now with higher rates?
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...
Vladimir K.
W2 job and flipping homes and taxes
This is a hypotethical question for me that I did not see answered. As I understand it, buying a property with intent to flip it quickly, for a profit, makes one a 'dealer' in the eyes of the IRS. Dealer is someone ...
Ali Samana
Capital Gains Tax - Charitable Remainder Trust!
As investors, I am sure most of us try to minimize our tax liability and increase our profits. I do a few quick rehab flips and thus pay a big chunk of it to taxes. I wen to a seminar (I go to many and have never bo...
Andrew Nguyen
Logistics of transitioning primary residence to rental + add partner
I own a primary residence in CA that I’ve lived in for >2 years. It has a 30 year fixed mortgage and low interest rate. My sibling/business partner would like to give me X amount for 50% ownership and we transition...
Robyn Smyles
What determines the taxation of capital gains?
My husband and I are new to this community but we have been buying, renovating, and selling homes for 28 years. We buy, live in it and then sell.We literally do it all! The find, the design, the demo ( I love demo), ...