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My wife and I are 54yo, with IRAs holding traditional securities, and have previously dismissed the idea of using that money for real-estate investment for various reasons.
However, there is a piece of land that we’...
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I have a one family house renting out the top living in the basement. My CPA says when I file I should not file showing the rental income because if I want to sell then I will not get the 250,000 tax free allowance. I...
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I need advice on what to do with this SFH property. I have owned it since 2012. Bought for $360,000 I am currently renting it for $2595.00 a month. Positive cash flow is at $650 after all expenses. I have only $...
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We have a four complex investment and Have been told it’s best to put it into an LLC but in California it’s taxes/cost are Outrageous our main focus for that was to protect it from lawsuits ...are there any other ways...
I'd really appreciate feedback from those with more experience on this situation. Background: Spouse's grandfather passed away recently and left his 4 bed 2.5 bath home to his eight (8) kids equally. House has not be...
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I've been having some questions about how equity trust is handling lost checks and return checks, not to mention long processing times on deals. What IRA custodian is working for you guys???
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Sell or hold rental property?In 2015, I bought a single family home for $685,000 on a 30 year mortgage. It is in the peninsula of the SF Bay Area. I spent one month remodeling it spending a total of $20,000. I have it...
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So, I finally decided to start an LLC. After much debate and discussion, I decided to use my local attorney to do it. I checked with a tax advisor and they said all the start up costs are tax deductible, which makes...
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Good Afternoon,I wanted to get some more information on performing a 1031 exchange when a family member is involved with the replacement property. I am selling some land, and buying a 75 acre family farm which has a h...
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I've decided to come out of my comfort zone in 2020 and exchange one of my SFH rentals for my first apartment building. The house is worth 85k and currently has no mortgage. 2 questions regarding 1031 Exchanges...1. I...