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Need some clarification here. Multifamily syndication distributions usually come in three forms, yearly cashflow, refinance, and appreciation. I wanted to make sure I understand how each of these are taxed. Please cor...
Good morning everyone. I am a veteran about to use my VA home loan to purchase a property, but I have a couple of questions about what to buy and where. First, a little bit of preliminary information. I am currentl...
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House flip This is probably very basic and my apologies if it was already covered. My cousin is very interested is trying out house flipping. I am more of a rental income investor. He is going to buy the house and t...
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Hello fellow Bigger Pocket members. I am curious as to what my offer should be based on when it comes to small multi-family (2-4 units) properties. Should my offer be based more on comps in the area and previous sale...
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I am in the process of looking for some smaller multi-family properties (4 to 12 plex) to buy. In one of my "farm" areas in Iowa, anything over 3 units is typically taxed as commercial. Here are 2 examples of the c...
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Hoping a RE CPA can help answer this question. I have my SFRs in an LLC. but not in a "company" as I don't qualify as a RE Pro. Currently, our rental income is counted as passive income and flows into our regular (...
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Hey everyone,
I have a situation for a close friend who has almost a million in real estate assets + an insured jewelry store (not sure if thats counts) but made VERY low income last year. Do you know of any banks th...
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So I have yet to own a property but have a personal goal of either buying and holding a cash flow rental property by year's end. I just need to get that credit score up a little more. I'm about thereAnyway, I am a ve...
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Hi all,
I have choice of move to Las Vegas or New York or California.
I own two LLC , for tax purposes which is the best state to live? I know califronia will charge a lot fee for owning LLC.
Why about Las Vegas or...
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Hello All, I am trying to understand how 'boot' is taxed in a 1031 exchange. I am looking at a potential purchase from a relative and they might be interested in doing a 1031 into a new property, and I am wanting to e...