I am a retired 63-year-old military veteran considering giving a rental property to my only son, a 22-year-old senior in college. The rental home in San Antonio, TX is completely paid for and has a market value of abo...
Hi,I am in escrow on a property and I am a new real estate agent. I am in the highest tax bracket in california. My lender told me that I cannot use my commission towards down payment. I can only use it towards closin...
Hi everyone, I am in contract currently purchasing an apt building. The sale is suppose to be an "entity sale" however I am a bit confused. My intentions are to purchase the LLC entity that holds the real estate in ef...
Dear Investors
I am buying a multifamily in Vermont
Which I might sell in 1-2 months
Should I buy this in own name or LLC?
I have a CT LLC would it be better to make new Vermont LLC?please suggest to avoid gain ...
I just bought a property in my own name. I wanted to buy it in the name of my business, but because I started the paperwork in my name (because my LLC wasn't finished at that time), I had to buy it in my name. The chi...
I'm sure there are many threads about this so if someone could point me to one of them that would be great.
If i have property i can't avoid paying capital gains tax on, is it a loophole to just do a cash out refi an...
My idea is to avoid capital gains tax by flipping within the ROTH IRA while avoiding the transaction fees by managing the LLC myself. My questions are 1) What is Unrelated Business Income Tax as it relates to this? 2)...
Hey everyone!I'm sure this topic has been discussed many times but I'd like to revisit it now as I'm thinking about creating an LLC for future investment properties. I'm new to buy and hold investing this year so I'm ...
I currently have an investment property I'm considering selling. I purchased for 250k several years ago and have received unsolicited offers of up to 400k. I am considering selling to lock in my gain and using a 1031 ...
Can you use a 1031 exchange when wholesaling properties?
I suppose you could if you bought it and sold it, but what about assigning contracts and double close?