Ron C.
1031 exchange from depreciable property to vacant land
I have done a lot of google searches and how I came to this web site. Some answers but still confused. Here is my situation:We own a rental condo that has been in full time rental for a number of years and took depr...
Monica Zidaru
FHA Budget Scope Rules
Is anyone familiar with FHA rules when it comes to re-financing? I purchased a home/property with a construction loan attached for a specific scope of work. Now that the scope has changed, I need to re-finance for jus...
Mike S.
Use a home mortage to finance an LLC
I am looking to inject (contribute) some money into one of my LLC to finance some new acquisition this year.I am refinancing my home (that is under my own name) and will use the cash out as contribution into the LLC.I...
John Choe
How to structure an offer to buyer that doesn't want to pay tax
I have a property that I'm in negotiations with the owner. He bought the place several years ago for $500K and has an additional $150k HELOC on it that may or may not have a balance. I have an offer on the table for...
Gabe G.
former primary residence, sell or rent out?
I have a former primary residence. I am wondering what forum members would do.The house will likely sell for around 155kI owe 55k on first, and 50k on secondMarket rent, is likely around 1250 a month.Roof was done rec...
Daniel B.
Paying oneself a management fee to increase QBI
Hi, I have an LLC I can run income through, in years past I have never "paid" myself a management fee for self managing our rental properties as I had never wanted to pay the additional self employment tax. With t...
Paul Ryan
Depreciation recapture/taxes on a syndication investment
Hi all - I have a question on depreciation recapture as it relates to syndications and calculating after-tax returns as an LP (I am mainly thinking about multi-family here). As I understand it, an LP will have to pay...
Jeff D.
changing llc members.....a tax event?
Hi! Is transferring 100% interest from one single member to another single member a taxable event somehow? Does there have to be a "purchase" of that membership interest by the new member for some dollar amount fr...
Christy Philippoff
Advise on the new Trump laws
Does anyone know if the new ruling will include the change from 2 years to 5 years of homesteading a property to avoid capital gains? Is there a "grace" period? If it does pass, what would be some of my options? We...
Abdenour Achab
How do you report income from discounted cash flows ?
Let's take an example. Let's say a trust deed backed note was issued in August 2005 in the amount of $44,500, with interest rate of 6%, and payments of $266.80 amortized over 30 years. Let's say you bought it in Septe...