Tim Kersting
Negative net worth, deep in debt, struggling business...
hello all,I'm looking for some advice.... Why else would I be starting such a threat... LOL.Basically, as the subject line indicates, my business is not producing as much as it needs to financially. For the last five...
Elizabeth Woolf
Selling a house that is in the name of my LLC
I have a house that I've been renting for the past few years and I plan to sell it to buy something closer to where I live now. I used to live in it so when I started renting it, I did a quit claim deed from my name t...
Fausto Carosella
Primary Residence exemption and/or 1031 Exchange
Hey All,My parents are going to sell their primary residence they've lived in since 1984 in a suburb of Boston. It's a triplex. For the sake of simplicity I'm going to round the numbers. They bought it for 100,000 and...
Val Deleon
Capital Gains question.
We're looking into selling a current rental property to my daughter. It would be their primary residence. We purchased it for 127,000 in 1995. It's current estimated value is 330,000. My question is what capital gains...
Andrew Callahan
Sell or Rent?
Hello Everybody,I am new to bigger pockets and investing as well. My question is, should I sell my house or hold on to it as rental income? My house is located in Littleton in the Southbridge neighborhood, a little su...
Daniel Hart
Subject-to transactions, are you writing off the mortgage interest?
Deed is your name, mortgage is in previous owners name, you've been paying the mortgage, do you write off the interest? My accountant says I can't...
Jenny Lu
I inherited a fully paid off investment property. What should I do with it?
Hi fellow investors,
I recently inherited a fully paid off investment property, I estimate it's worth $500k. It is currently cash flowing $1300 a month. I have student loan debt from grad school with a balance of $16...
Ali L.
Solo 401(k) funded by LLCs
Hello. Has anyone created a Solo 401(k) to invest excess real estate income, primarily for investment? I am wondering about tax implications, as real estate income is usually considered passive. In addition, LLCs are ...
Eric Traboulay
In Escrow, need help quick! Do I have to fill out 593C form?
Hi BP Family,OK here it goes; My wife and I are in escrow on our first flip in San Diego and the escrow company is asking us to fill out the 593-C form to withhold taxes on the sale of the house. It was my understandi...
Sarah Singh
LLC Confusion - Out of Country Investor
Hey Guys
Hoping I can engage the brains trust for some clarity. I'm an out of country (Australian) US real estate investor. When I first got started I incorporated by LLC in Kansas City Missouri however ended up bu...