Justin Summers
What happens if I don't spend all my 1031 funds?
Bought a house for $225k and sold it for $425k so roughly $200k in capital gains. I did a 1031, 5 months ago, and identified $800k worth of properties (200% rule) Looks like I am only going to be able to buy either ...
Brian H.
Question about accounting/accountant...
Is it pretty standard for your accountant to roll your LLC and Personal taxes into one return? That is what mine did for 2018 and has done with 2019, as I have been paying quarterly so as not to have such a big amount...
Jeremy Dymond
JV with SDIRA Investor
This is my first post. I hope I didn't make the rookie mistake of asking something that has already been asked and answered. I looked all over the board and haven't found this specific situation. I am currently puttin...
Ken Press
Where does Bonus Depreciation tax benefit fit into deal valuation?
I'm reading through "Real Estate by the Numbers" -- awesome book! As I'm modeling out my second STR, I look forward to taking advantage of 80% Bonus Depreciation for tax year 2023, and claim that against W2 income.So ...
Hank Parater
Triplex- Raise rents??
Just bought my first triplex! Currently the renters are paying $300 under market, and they are on month to month verbal agreements- no signed lease. The renters have been there for 3 years, and keep they're places ver...
James Hamre
Tax question for a newbie, any help would be greatly appreciated!
Hello all,I'm brand new here and brand new to the investment world. I've been reading through here a lot and learning as much as I can before I jump in. My question is not necessarily investment related but I'm stil...
JT Marlin
Buying future retirement home in self directed IRA
If I were to buy a future retirement home in a SD IRA, is there anyway for me to take ownership of the home without taking the entire distribution in the year I were to move into the home? For example, if after I t...
Danny Day
Fix & Flip Capital Gains
Can someone point me in the right direction (or refer me to an article) on how much I should expect to hold for capital gains tax for fix & flip deals?
I am in the process of forming my LLC right now, and will be...
J Sheth
Do HOA Back Dues paid in Foreclosure Adjust Cost Basis?
A property purchased at Courthouse foreclosure often come with liens. Delinquent HOA assessment not paid by the foreclosed owner is a common problem that becomes the burden of the new Buyer, who has to settle with the...
Pat Bruton
Should I title in an LLC?
I am buying a house in a month and a half and am going to rent it out after about 6-9months of living in it. I plan on forming an LLC for the rental but want to know if it is necessary to transfer title to the LLC or ...