Have a buyer who wants to buy a home in CO, but lives in CA. She plans to rent out part of the time, but also stay there part of the the time. Can she claim this as her primary residence if she is renting in the state...

Howdy y'all! My mom would like me to assume the loan of her house to ensure it remains in my name. She and my stepdad would continue to live in the house and pay for everything (e.g., utilities, mortgage, etc.). Essen...

Hello all.I am starting to organize some hard money deals with my close friends and family. I have an LLC that I plan on purchasing the properties through, and then loaning money from the friends and family paying the...

Hello BP.Thanks in advance for taking time out of your day to consider my question.I am trying to position myself to obtain financing for another rental property next year.I currently have one rental property, of whic...

if I purchase a property with no deductible Ira funds and after death my daughter inherits the Ira...will she have to pay taxes on the inheritance?  Will she have to sell the property or can she keep the property and ...

Hi,

I'm about to purchase 1 or 2 rentals. I'm debating over which way I should own the properties -- LLC or S-Corp. My understanding is that the only real disadvantage to going LLC is that you have to pay both ...

I currently have a business of my own that's doing well, non-real estate related, and I've got a few questions starting out:I'm essentially an oilfield service company, can I use pre-tax business profits to invest in ...

Hello ladies and gents. My name is Humberto and I am back on Bp. I got my Real Estate License recently and I want to know what entity I should as a Realtor so that I can pay less in taxes at the end of the year. I alr...

End of November,  I withdrew money from my IRA to fund a real estate transaction.  I was informed that I can withdraw funds from my IRA once per year and not be taxed/penalized as long as it gets back into the IRA wit...

Hay Everyone!

I run into a little problem. I set up LLC in Virginia for my consulting business. I'm also using the LLC for my rental property which is In Maryland. And now I have to pay sale and use tax but don't r...