Joe Luciano
Won't Uncle Sam catch up eventually?
What happens when you decide to stop buying properties? Won't you have built up and built up an incredible amount of taxes you will need to pay? Is it better to pay as you go? You'll need to pay eventually, right?
Ken P.
Does an HOA owe federal tax when selling a foreclosed unit?
A condo HOA where we have a number of units and where I sit on the board is being told by our accountant that we owe tax on the profit on the sale of a unit owned by the Association. The Association has owned it for ...
Johnny Quilenderino
Attorney Chat for starting a partnership with multiple investors
Good evening BP,Tomorrow, I start my journey into flipping and creating more income for the family!!! I will be speaking with an attorney to structure a partnership that will involve multiple investors (10) on individ...
Mike Helminger
Confirm my understanding of setting up a Trust
I am considering setting up a trust. It would be for kids of a relative and it would be a grantor trust or revocable living trust (not sure which). The trustee would be me.If I place an LP fund which holds an LLC real...
Granville L.
Real estate lawyer
Hello all
My wife and I live in Houston and own several homes. We are meeting with a real estate lawyer for the first time today. We are wanting to gain information about incorporating, an insurance umbrella, rollin...
Monty Bruckman
New Investor in Phoenix Deer Valley
As mentioned above, I live in Deer Valley and would like to become a real estate investor. I've bee listening to more and more podcasts and gaining interested in investment strategies and opportunities. I am working f...
Corwyn Patterson
New to Tax Liens and Deeds
Hello I've been following this thread and have been gaining some much needed information. So if I am correct once I receive my tax certificate I can begin the possession process and current owner has 3 year redemp...
Tom Beck
1031 Question Regarding Taxes
Can someone answer this Hypothetical question for me regarding 1031 and Taxes.
Scenario
Lets say my Father bought a property for 1,000,000 and Sold it for 2,000,000
1031 Exchanged the sale
Bought two properties fo...
Andrew B.
Seller's Capital Gains Tax on Sale
We're in the process of purchasing our first rental property in San Diego (2 detached units with 3 beds & 2 bath each) and close at the end of April. We just had an inspection done and went back to the seller to s...
Antoine Pippens
loopholes for capital gains tax or use 1031 exchange on owner occ
Here is the situation. I have a FHA 203k that is for an owner occupied duplex. As it is getting closer to being completed there is a chance i may be moving to another state for work. I was already debating on rentin...