Loc R.
How to protect oneself during an assumption
So I am trying to help a friend piece together a deal.
She is upside down on an "investment" condo she owns and currently rents out. She owes $300,000 on it and it's probably worth $240,000 right now. She doesn't w...
Logan Jamieson
Annual gift exclusion
Hey all,Question here, obviously i will follow up with a tax attorney but wanted some preliminary info.Due to current mortgage rates I am exploring ways of getting creative. I have the opportunity of a parent who has...
Jose Bu
Any luck on FONCE exemption for franchise and excise tax of 6.5%
Figured more Tennessee investors would be here to help out.I'm trying to see if anyone as the owner of rental real estate property in their LLC has had luck in getting the FONCE exemption ?
Basically I'm looking to b...
Harrison Biddulph
Reporting rental property income (tax questions)
Hello Everyone,
My sister and I recently inherited a paid off rental property that nets around 20k a year. This house is held within a living trust that my parents set up. All assets within the trust are supposed to...
Chris Wunder
Starting a New LLC and Tax Implications
I currently own a rental property in the Kansas City metro area and am in the process of transferring the deed to an LLC I have created. I am not sure how this will directly impact my personal taxes but would love to ...
Elliott Fisher
options to quit claim to llc?
hi all,
Is quit claiming the deed to an LLC something one can do on their own? i.e. do other parties need to be involved like the title agent?
Patti G.
What is the Down Side to Carrying Back
I'm selling a small investment condo I own free and clear. The asking price is 40% below what I paid for it in 2005. I have three offers and I'm trying to decide which way to go. Most would say take the cash and run,...
Sandy Blanton
Introducing wealthy local investors to hard money lending.
I have solid clients in need of hard money loans. Solid, long term investors with great credit, but run into the issue of not being able to close foreclosure deals fast enough using banks. I have wealthy clients who...
Greg P.
Question - Advice appreciated
Hello, our state requires anyone who is going to rehab and flip a property to have a general contractor do the work. If we have a guy we know that can do the work and he says his business colleague who is a contracto...
Eric Sullivan
Raising capital to keep up with opportunity
My question: For seasoned investors, have you had success bringing someone in to help raise capital for projects? If so what did that structure look like? Where they salaried? % of capital raised? Partner? I am sure t...