Patrick Woodard
Cash out Refi tax implications
Hi, I've been a longtime member (lurker), but this is my first post. I need some advise on what to do with the proceeds from a property I am selling. Here are the details:My business partner and I bought two fourple...
Michael Moikeha
Tax implications on Contract Settlement
I have an interesting situation and my accountant is working to figure it out, but I would like to see if anyone has had experience or has insight they can help with. I have 2 contracts with one lender. They had 1031 ...
YaWen Hsu
Cash-out refi tax implication
Hi, I am thinking to refinance two of my loans. I have a primary with ~$200k and an investment property with ~$270k left in loan amount. Both properties are in California. My mortgage broker recommended me to do cash-...
Dan Costantino
Tax implications on owner financing
I have a seller that wants to sell me a house for $240k. He paid $90k. There is a $200k HELOC on it which they used to build their $600k house which is free and clear...technically. I am trying to convince them t...
Andrew O.
Tax implications, overseas investment income.
I just wanted to quickly run this by some of the more tax-adept members.
I am looking at investing in a property management partnership in Australia, while living in the US. What structure would be best to co...
Ed L.
Tax implications of storm damage.
Had a big F4 tornado rip through town a couple weeks ago. Absolutely incredible the amount of damage it caused, but luckily no one was killed.
It went right between my 2 rental homes, and destroyed everything in bet...
Account Closed
Tax implications for Water Bill
My property manager charges the tenants money that goes towards the water bill. This money is disbursed to me each month with the income from the property. How do I account for this extra money? Is it considered incom...
Stephanie D.
JV's Setup and Tax Implications
Hi - I am seeking legal advise on how to setup JV's and to understand tax implications when partnership is dissolved. My partners and I have an operating entity. We wan to keep our current entity as the lead umbrell...
Frank Z.
Tax implications for dissolving partnership
My business partner and I purchased a house two years ago in an LLC we co-own.
He does not want the house and I want to improve and live in it. We have agreed that I would buy him out at the price that he initially p...
Drew Bonner
Tax implications for capital gains
What are the tax implications for angel investors receiving capital gain profits paid out by myself in the sale of an apartment complex? I would be doing a 1031 exchange for the property itself, but would want to pay ...