Alan Faitel
IRA rules and commissions
Joe wants to flip a home, tom will use his IRA to put a mortgage at market interest rate on the home for the flip. Joe is now selling the home. Can tom a real estate broker make a commission on the sale of the home. ...
Ralphie Hernandez
I make too much money...
So today I called my CPA to let him know that I’m going to be buying rental properties in the near future. I Wanted to get some insight on some of the tax breaks I would be getting for having rental properties, he ...
Matt Pulkrabek
Open Door Capital and K1 Investment losses
My question is regarding passive real estate losses. I am a real agent and investor, therefore I am considered a "real estate professional" for tax purposes. With that being said, my accountant has always allowed ...
Madhur Dhawan
Buying a property as a sole prop
I want to know if it makes sense to buy a rental property as a sole prop, would it help me when i file taxes as i may be under loss based on income from property may be less than expenses
Ray Martinez
LLC your ADU to Save on Taxes?
Hey everyone,
I'm currently in the beginning stages of converting my garage into an ADU. I wanted to see if there are any experiences with creating a LLC prior to construction to help with tax liabilities for the cos...
Molly Jacobsen
Sell primary home to LLC for Bus Econ Purposes + Section 121
Can I legally sell or transfer (which is best?) my primary home to my LLC (that already contains 11 uniits) without losing my Section 121 benefits (capital gains exclusion)? Lived in home 2 of last 5 years. Now conv...
Joe Mansfield
Advice on first property and developing a strategy
Hi all, I’m new to real estate and am trying to develop a strategy to best achieve my desired result. I feel like the biggest detriment to my financial picture is paying almost 40% in taxes (single with no dependents)...
Account Closed
General Questions for a 2 Property Novice
I've been investing in real estate in Texas for about a year now. I currently have 2 rental properties. I bought both with 20% down under my own name. I currently have a $1M dollar umbrella policy that encompasses the...
Okey Anebere
Tax advantage of my own property management company
I am researching the tax advantages of started my own property management company to manage my rentals. My current plan is to create it as a LLC taxed as a S-corp and pay the company a management fee to manage my long...
Nickolas Wolfe
Cost Segregation - LTR to STR Property
Good day,Property background - home was a LTR for 2021 and 2022. In December of 2022, we started to convert it to a STR. In January of 2023, it became an STR. Big question - in my case, is a cost segregation study wor...