Na Meriel
Complex property transfer to LLC with private mortgage; do I need a title company
Hello everyone--I bought a house in Virginia in cash jointly with my son 5 years ago. He lived in it for 3 years while attending college, and now I am considering transferring it into an LLC. The property has apprec...
Brady Lucero
Capital Gains + State & Federal???
I'm a 25 year old Journeyman Carpenter and my wife is a Realtor. We have successfully "flipped" two homes on the side now. We lived in each house two years to avoid capital gains. I did 100% of the work myself, mad...
April Adams
I retired from Section 8 after 20 years and I can't believe this is happening....
I Can't Believe This Is Happening
Hello, Bigger Pockets community! Although I’m not new to this fantastic platform, I have some exciting news to share. After a rewarding 20-year career as a Section 8 supervisor, I’ve...
Char Bacheh
section 121 exclusion
When i sell a main home that was a rental property for 2 years before i sold it, in which i am eligible to have to section 121.do i fill out 4797 parts 1 and 3?
Thomas F. Byrne
Own a home which contains both rental units and home studio
I'm purchasing a home and plan to rent out two of the rooms. In addition, I use a room for my self-employed, exclusive place of doing business, which will then include the responsibilities of the rental property. Rela...
Justen Ashcraft
management team to screen tenants only?
Have any of you used a management team to screen and find tenants for you, and then you manage the property yourself. This seems like a good idea for my situation, as I work a full time job. Good idea or bad? I bel...
Mariana Rojas
Capital Gains-- To sell or not to sell?
I lived in my house from 2011 to 2013, then I relocated due to work and rented the property out. I was not familiar with the rental process so I did not file anything related to rents until 2016. Am I required to pay ...
Ben C.
S-Corp vs LLC taxed as an S-Corp for flips?
Hello everyone!
I have a two pronged question...
Can you explain to me the difference between having an S-Corp vs an Llc Taxed as an S-Corp?
Lastly, I know some people simply say have a new LLC for every single fl...
Nicholas R.
Owner occupied, managed, single member LLC owned -- do I pay myself?
Hi everyone, I'm a long time reader yet this is my first posting in these wonderful forums.In the scenario of a single member LLC owed, owner occupied and self-managed multifamily building, is it best practice to be p...
Kevin Lackey
Using IRA to fund down payment. Any success stories?
I am looking for my first investment property and have IRA funds that I would like to use as a down payment. This is a big step as it would be our families first deal and would appreciate any success stories or nightm...