Lynn Burson
A simple Rent or Sell question
Parents retiring in approx 18 months & own a house they use minimal. Some simple numbers:
Sell as is at $350 to 375k with maybe 25k of updating/min repair. It is a 4/3 & 20 years old
White collar, golf cou...
Account Closed
UBIT or UDFI on Checkbook SDIRA syndicated investment?
Suppose a Checkbook SDIRA holder invests in a Syndicated LLC, which then purchases a piece of commercial property (i.e. Apartment Complex) using leverage that cash flows for 2-3 years before being sold due to apprecia...
Mohammed Ahmed
Grant from Father in law
Hello amazing investors!I have a quick question probably someone can answer me! someone told me that any family or friend can grant you up to $16,000 tax free first of all is this true? and if it is tax free does it f...
Account Closed
Moving abroad but turning primary home with equity to rental.
Hello, trying to figure out some plans to move abroad and rent out my primary home. I have high equity on it and almost free and clear. I’m also in between jobs, partner is self employed but work has been intermittent...
Ethan Allen
Should i rent or sell or refinance a free and clear 2nd home
I sold my primary residence, cleared out my IRA and purchased a new home free and clear in California. I own free and clear a 2nd home in Modesto that my nephew is staying in.So I just used up my 2 year no capital ga...
Kevin Hobbs
Using a Land contract on sale of 4-plex
I want to sell a 4 unit Rental in Decatur GA for about 1.2 million. I have a 470k 1st mortgage at 2.5%. gross rents are 84k/year -20k (taxes insurance, maintenance) = 64k net income.
If i sell it for cash I wil...
Brittney Wright
Taxes for Out of State Investments
I am looking for clarification on the tax implications of purchasing investments properties outside of the state of Texas. I currently reside in Dallas where my LLC was formed and will remain based. I am considering p...
Chase Webster
To hold or to sell our house???
My wife and I bought our house in 2012 for $175K on a VA loan with 0 down. With the funding fee we ended up financing $178. We currently owe $136 and could probably sell somewhere between $200 and $210 in our current ...
Alan Russell
Converting home to rental
I need to understand what happens to the equity (for tax purposes) if I convert a single family home to a rental property. Would this convert at a current tax cost basis? For instance if I purchased a home for 125K ...
Brandon E
Rehabber AND Wholesaler?
Would it be practical to have profits from rehabbing projects and wholesale assignments all under one entity? Or do these two fields each require their own company?