Andrew Meringoff
Installment sale interest vs. cap gain
Situation:Found a seller who wants to sell but doesn’t want to pay 300k gain all at once.Pure vacation property/second home. Bought for 359k will sell for 659k in this example.Assuming 150k down payment in 2024 50k an...
Galen Miller
Buying an LLC that owns real estate
I'm under contract to purchase an apartment building in Ohio. I have the option to purchase the real estate or to form an LLC, transfer the property into it and purchase the newly formed LLC that owns the real estate....
Andrew Badiac
Looking for advice..first time investor
I bought my first house about 1.5 years ago. I have since fixed it up and could sell it and make about $20-$25k in profit on it now. I'm having a hard time deciding what to do as this house is my primary residence. I ...
Horacio Gutierrez
Capital gains taxes on sell property
Hello,Say I sold a home and I paid capital gain taxes because I lived in there home more than 1 year. Where my capital gain was $50,000 my capitals gains tax bracket was 10% which leaves with $45000 profit. Do I have ...
Neil Andrews
Private lender taxes
I am new to real estate investment and plan to start out as a private lender. I just closed on a HELOC on my private residence. The interest rate is currently 4%. I plan to loan money to established successful real es...
Dan Powers
Maximizing 1031 in a Hyper Competitive market
Obviously, the real estate market is on fire currently, with every decent MLS deal selling as well as most off-market properties selling within a few hours of being released if you're able to find them. I want to know...
Account Closed
How do you wholesale with a land trust?
My reasons: to have privacy and avoid as many costs, fees and taxes as possible; my idea was to get the seller to sign their property on a warranty deed to trustee (recorded) with me of course being the beneficial int...
Dustin Erlewine
Flipping Business and Rentals....Different LLCs?
I am looking to meet with my account and figure out how I can avoid Uncle Sam's wrath. I want a LLCs for my rentals, however should my flipping business be a separate LLC or the same? I market to houses with my bus...
Joel McKinney
Question on capital gains taxes
Hello BP People, Quick question here. I am looking to invest some funds into an apartment rehab syndication. I've done a quite a bit of research and all looks like it's on the up and up. I would like to sell stock to...
Lois Johnson
What is simultaneous close? Is my role in the process legal?
Hello,I am hoping to gain some momentum in the real estate investment game. I am currently in the process of educating myself to avoid scams.I have been introduced to a group of investors and I've been told that if I...