Account Closed
Tax consequences of deeding property to LLC
Hey all,I submitted an offer for an REO property.I was originally planning on purchasing the property with my LLC.The bank requested information about my LLC (I provided IRS EIN, Articles of Organization, Certificate ...
Mark Murphy
tax consequences for selling with owner financing
Let's say I am looking at owner financing the sale of a property.Lets assume I bought the property for $100k with 20% down, and 5 yrs later sell for $200k, and owner finance 5yr balloon with 20% down @ 6% and 30 yr ...
Eden Meng
SDIRA With Check Book + UBIT Tax Consequence
Hi BP Community, I am currently in the process of setting up SDIRA with Check book control to do my flips. The proceeds from the flips will be re-invested in syndication deals or move back to invest in stock market. I...
Michael Plaks
Explained: Tax consequences of K-1 syndications
Introduction
This complex topic has been discussed on many BP threads, with persistent misunderstandings and misrepresentations. Many investors fail to grasp the fundamental principle of taxation: you cannot, based o...
Henry M.
What Constitutes a Lowball Offer and Consequences
I am a real estate investor and a licensed realtor. Occasionally, I assist fellow investors in finding suitable properties.
I have two clients who are business partners who are interested in making lowball offers on ...
Joseph Lattanzi
commercial deal to help seller avoid tax consequence
experienced RE investor with new issue I have never encountered. Elderly owner of 20 unit complex selling portfolio but suffered significant tax consequences ( assume capital gains) when sold her previous property. ...
Vinay H.
Another article called CRISIS and Consequences - 10th Anniversary
Happy 10th Anniversary of 2008 great recession :)CRISIS AND CONSEQUENCESThe Epicenter of the Housing Bust Is Booming Again. (That’s a Warning Sign.)By MATTHEW GOLDSTEIN, ROBERT GEBELOFF, ROSS MANTLE and MATT RUBYSEPT....
Bill McCoy
tax consequences of "short sale" on private note?
I held a private deed of trust (5 years, balloon payment) in a friendly transaction but it was all properly recorded, etc.. I agreed to effectively a short sale: mortgagee sold property and I received all proceeds, wh...
George Rodriguez
To flip or rent out and tax consequences
I bought a home in April 2015 and rehabbed it. I put it up on the market for sale and rent at the same time.
I have an interested couple in renting the townhome for a 6 month lease. So that would give the home back to...
David Lao
Tax consequences of transferring real property between siblings
Hi, I'm based in Oakland, CA. Could someone please advise on the tax consequences of transferring a detached single family home between siblings via a gift transfer? Would the property tax basis get reassessed? Would ...