Christian Chartier
Best way to structure owner occupied duplex for tax purposes?
Hello,
I have a to give a shout out to this community. Several months ago I made a post regarding buying a multifamily property in my area of Pinellas County, Florida. At the time, I did not even know I could purchas...
Zac Rogers
Are tax liens something to get into?
I am very inexperienced in tax liens. However I have gone down this rabbit hole of tax liens. I have a decent understanding of what it is. I’d like to figure out the best or most common way that investors use and leve...
Eric Andrekopoulos
Investor Off loading portfolio but doesn't want to seller finance.
Hey BP Fam,
I currently have a local investor looking to exit his rental business within the next 5 years because he's older in age. So he wants to sell all of his properties. A vast majority of them have 100% equi...
Jeremy Smith
Transferring Ownership of Family Owned Properties
Quick Background: I've been fairly successful in other areas of life and recently determined that moving towards passive income is the best way to achieve my financial/lifestyle goals.- I currently have 2 SFH properti...
Rudy Nieves
How to 1031 tax exchange?
So I’ve recently hit a year on my house hack property in Florida, and I’m only a few years out from finishing my current military enlistment. Rather then let the house sit on the market rent less while I transition ou...
Shannon Tayllor
Deal Structuring for Back Taxes in California
I found a perfect property - for personal residence that I would really like to own. Need some good advice.List price is $575K and three recent sales of the exact same townhouse are in the $515 to $532K range, selling...
Tarun Bansal
Investing using SBLOC
Hello,
I've a concentrated stock position and looking to diversity out. I however do not want to sell stocks due to tax gains. Does anyone think it's a crazy idea to borrow against a securities based line of credit ...
Roman M.
Financing income question
Hello BP community, I recently sold my personal property and was able to gain a profit of about 53k which I am planning to use as a down payment for my first rental property. I work as an independent contractor and ha...
Danny N.
Question/Advice About Taxable Income On $507k Cost Basis Condo
So I was just thinking about this tonight and will call my CPA tomorrow, but figured Id ask here for now. I have a rental condo currently thats worth $650-675k, I bought in foreclosure for $507k, 18 months ago. Anyway...
Kevin Gillies
Arizona LLC, Wyoming holding company, California resident
I have 4 short-term rental properties in Arizona, I live in California. Looking to put them in LLC for asset protection and have Wyoming holding company. The question is do I do have 1 AZ LLC Or separate them. Then ha...