Leslie Schwab
1031 Proceeds from Sale of LLC into apartment building
Hello BP, I own 4 rental condos in a single member LLC and I’m interested in selling all the properties to an investor and 1031 exchanging the gain into a building I have under contract (to be held in a new LLC where ...
Robert Caccire
1031 exchange guidelines
Property A (investment) is under contract for sale and has no LLC. Everything is under husband and wife's name. Does replacement property have to also be under husband and wife's name for it be considered a 1031? We ...
Joshua Easters
Advice on property sale
Hi Everyone!A few years ago, I purchased 2 vacant lots outright for a total of $24,000. I am now selling them and set to close this week at a sale price of $50,000. I would like to reinvest that money into a rental th...
Ali Masoudi
Filing LLC-C Corp taxes with a professional EA
Hi guys, I started creating LLCs around my real estate practices in late 2021 (two disregarded LLC and one LLC-C Corp) and now I have to file my 2021 taxes. I'm thinking to work with a very experienced EA (Enrolled Ag...
Nicolas Boivin
SDIRA LLC and syndication. How to fill docs?
Hi all,i have a SDIRA with rocket dollar. I’m currently struggling on how to fill documents for syndication, especially when it comes to making sure it will be compliant for tax purposes come early 2023. Let’s say t...
Clay Miller
1031 Property LLC and additional members
Hello,My question is two fold. From what I have been able to gather from your forum is: If I have a 1031 property in my name and have held the property for 1-2 years that I can transfer it to an LLC and that should n...
Derrick Gordon
SHOULD I CREATE AN LLC OR CORP?
I see most people have an llc - is there a significant reason why?
Marysue Connelly
1031 Exchange into a LLC
HI, We are trying to 1031 a single family rental currently in our own names (husband/wife) to a multiplex under a LLC with both our names on the LLC. We are getting conflicting advice from attorney and 1031 speciali...
Rhett Z Begley
New LLC/S-Corp establishment advice
Good afternoon everyone!
My wife and I are moving to Virginia in three months and will start flipping houses when we get there.
We’re getting an LLC and S-Corp set up now so we can hit the ground running when we ge...
Angela Schofield
1031 Exchange Questions Husband and Wife - Looking for CPA
I am looking for a knowledgeable CPA who can provide clarity on the following situation:
My husband and I recently sold a house, which was solely in my husband's name. We are now in the process of purchasing a motel,...