This is my first wholesale deal. I opened escrow on a home using my name on the contract and in between opening and now I’ve established an LLC. To avoid some taxes I asked the escrow agent if I could change my name i...
can you avoid capital gains if you sell a house and put it in a sdira? Also, how are you able to pull money out to pay yourself and avoid the early penalty if possible?
most of the blogs and forums here, and also every other book i have read only talked about how to avoid real estate investment failure. i was just wondering, when can i tell when one is now suffering investment fai...
Question, To avoid capital gains at selling one must live in the house for 2 of the last 5 years. What if, the property I'm purchasing is a home, with a cabin on the lot and I live in the cabin, not the main living a...
Background info...I still live with my parents in Ca and I purchased an investment property April 2012 at auction. I purchased for 139,000. Eventually did a conventional loan (25%) and currently owe 90k. Similar ho...
Below is a question I have asked my accountant, but haven't really been able to get an answer that I can comprehend. Generally I am trying to understand whether it makes sense to capture renovation costs at the sale ...
So 270k baseline in 2000 condo . Rented in year 20 (2021 ) @2350 mo-
I have what account calls "saved" credits on depreciation of 50-75k due to income exceeding 150k annual .
I /(accountant) depreciated my $270,000 ...
Hello all, new to the boards here, I have a question re my IRA and tax penalty - did a 50K draw (60 day rollover) from my IRA (Traditional) to cover some credit card debt and medical bills and had planned to redeposi...
Hello,
I just did a cash back refi on property A. Property A is held in an LLC and has an associated biz checking account. The bank put the cash back straight into that account. Now I am needing most of that...
Say someone wants to sell off some SFR properties they currently own (individually) and take the proceeds as a 1031 Exchange and invest into a LLC that is going to invest in single family real estate. Under what circ...