Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...
Mary Jay
How one person can create a double member LLC?
Hi guys,Could you please help me out?Everybody keeps saying how if a husband and a wife own an LLC it is still considered as one member LLC. Also, its easy to pierce the corporate veil of one member LLC, and courts ...
Will Barnard
Your definition of "Thinking Big"?
This thread is an exercise having to do with goals. It is intended for us to do three things, first to have fun, second to really put our minds to work and think, and third to actually discover what our goals are on a...
Demjan Van Der Kach
W2 taxes are killing me
Hey folks,
Would really appreciate some ideas from the forum CPA's, tax lawyers. My wife and myself are having full time jobs and work 50-70 hrs a week each that puts us in 35% pus federal tax brackets. I really like...
Ben Leybovich
Car Wash - does anyone own?
Guys,Got a call from a banker. A set of several automated car washes is selling. If anyone owns some car washes, please chime in. Underwriting EBITDA and CF, and I'm starting to develop a basis for understanding, but ...
Elijah Faas
In need of life advice with a real estate partnership
So this may be a long winded question, but I am in need of some life advice.I am an 20 year old real estate investor with one duplex. My W-2 is an electrician and I own a window cleaning company that I started about t...
Chris Keator
Self Directing IRA to pay for rehab costs
HI Everyone! My wife and I have some money in our IRAs and was thinking about using it to invest in real estate. Looking for any recommendations for custodians in AZ that specialize in self directed IRA's for real est...
Lawrence Sarpong
Buying via Subject to
Hi all,
I have a motivated seller that is open to having me assume the mortgage on a 3bd/2bth home for the difference owed. The current mortgage is $168k and the amount owed is $164k, so basically I would as...
Account Closed
I want to open a Self Directed IRA
Looking to open a Self Directed IRA for my real estate investments. Can anyone point me in the right direction. Im from Chicago but doesnt have to be local financial institution.
Marc Belisle
Crowdfunding has crowded me out?
Hi all,I've been researching various RE crowdfunding sites to park some money (and gain interest) while I save up for more properties and have found nothing but dead ends. Many only allow accredited investors. Groundf...