Chris Kendrick
Brrrr extra profit
When doing a brrrr method and when you go and do a cash out Refinance , and once you pay off on what you borrowed from wherever, if you had an extra $5k after all set and down, so is that 5k have to be put back into ...
Wilson Pereira
Holding and operating LLC taxes
I have a holding LLC setup as a partnership and an operating LLC who's primary member is the holding LLC. For federal tax purposes the operating LLC is a disregarded entity. Do I still need to file state taxes on the ...
James Thompson
Transfer of property
My in laws want to transfer their property from their name to ours. What’s the best way to do this to avoid any bad tax repercussions. It’s raw land and no house.
Maurice Stewart
Creating an LLC (I think I did it wrong) Please Help!
Hello, My wife and I are in the process of turning our primary home into a rental. I created an LLC, and the rental address is not the name of the LLC. My thought was to give the LLC a generic name, and the rental cou...
David Kohutynski
Japan capital gains tax strategies for US held rental property
I have a HI rental property that would be better to sell and buy something newer. Association fees are getting out of hand. Unfortunately, I now live in Japan and it seems like selling the HI property will attract J...
Randall D Cheney
recapture expenses from sales proceeds before 1031 exchange
We're going to sell some building lots that we have divided off of our farm, and do a 1031 exchange with the proceeds. We'd like to pull at least some of the development expenses out of the sales money before we rein...
Drew Oberholtzer
Transferring Property in Pennsylvania
I have 3 Single Family rentals in Philadelphia that I'd like to transfer into an LLC or Trust through a partnership with my brother who will become an equity partner through the LLC or Trust. Currently the mortgages ...
Joshuam R.
Transferring personal SFH Title to SMLLC
What is your experience and heads up on doing this?
Do we sell the SFH to our own SMLLC , if so do we sell for county/city appraised value on their records? or market value?
or do we just submit the transfer documen...
Chris Vance
Canadians doing BRRRR and Flips
Hi,
I'm looking to invest out of country into the US market. I currently reside in Alberta. I'm not sure where to start when it comes to structure and tax planning. Does anyone have any advice on this and how to avoi...
Adam Scheetz
Financial Partner on Flip. How much should I set aside for Taxes?
I'm partnering on my first flip with an experienced investor. I'm providing capital in exchange for percentage of sale profit. Following the sale, I should net somewhere around $20,000. I need to know, if he reports t...