Mac Usher
Depreciation Question?
If I buy a property in December, will I be able to claim the full depreciation on it for that year? Is there a timetable on how long I have to own it in order to claim this tax advantage?Thanks
Jaron Sherwood
Partner questions
I am looking for more information about doing business with partners. Is it best to set up a separate llc for each of us and have the llc's go into a deal together or do we set up an llc with both our names on it? I ...
Daniel Warren
llc question
I have been reading a lot of llc threads and I have a general question and a couple of specific questions. I have been reading about the need to separate my stuff from the llc stuff. I have caught bits and pieces o...
Cheryl C.
1031 question
I am doing a 1031 on the sale of a property that has been depreciated down to nothing (it's a condo). I own it free and clear. I would like to have the cash - but not the tax bill. I am thinking that if I buy a ren...
Ray Keziah
Sub2 Question
When a sub2 transaction goes through and you have a l/o to a t/b for a set time (2-5yrs), if the seller wants to get another house will they be able to qualify for another loan? If not, what do you do or tell them?
M...
Tony Colquett
craigslist question
I have some ads running on craigslist and it seems like everyday I get a response from someone that seems unrelated to my ad (i.e. out of context). It seems like the responses are some sort of scam. I am just curiou...
Daniel Andrews
LLC question
I have a foreclosed property on my record from 2010. (bad real estate investment). My current home is paid off and I have one rental with $350 positive cash flow. I applied for another mortgage and was told I would...
Erick Martinez
Probate Question?
So, I am looking through my county probate records and I came across a record that says the deceased left his estate to multiple people as a one third undivided interest as a tenant in common of all right, title and i...
Bruce Lee
Syndication Question
This is going to sound really stupid but, is raising capital and syndication the same thing?
Brandon G.
Tax Question
If I purchase a flip property at the end of this year and then sell it at the beginning of next year, how is that taxed? For example, are the expenses reported as a loss this year and the entire sales price shown as a...