Mohammed Nasser
Gains From a Investment Account to Transfer to Real Estate.
Hi everyone,In order to start my real estate investing career and diversify my income streams from other than just my 9-5 and the stock market, I am planning on closing one of the personal investment accounts that I h...
Soh Tanaka
Selling/Buying a House Under LLC Using 1031
Hello All,I am considering selling a property that is owned by LLC (IL LLC), and buy another one in another state. The problem is, I don't want that particular LLC to buy a property in another state. But my understand...
Stephen R.
Lose a tax deduction for donated property?
I'm looking to pick up a property that was donated to a charity. (Actually to be more specific it seems it was quitclaimed for $10) I'm being told that the charity will not agree to my offer price because they are con...
Ruben Rodriguez
Seeking opinions on tax and LLC strategies for overseas investment property
I'm an American citizen closing on a Riviera Maya property in the next few months. It is a lifestyle purchase, meaning partly for personal use and partly for short-term rental. I plan to get dual citizenship (U.S. and...
Account Closed
Did I find a potential gold mine?
Hi all, Sorry for the odd title. Haha. Not sure what else to title it. I was browsing a tax map to look at a lot of raw land I will be purchasing from a family member for a personal residence. I decided to view the ot...
Donnie M.
Alabama Tax Deed Purchase Help
I am in negotiation with someone who is selling a Tax Deed from 2010. They will be selling with a quit claim deed.The property is vacant and has been so for a couple of years according to neighbors and condition of p...
Andrew J Palmer
Unique 1031 situation
I am trying to get some information for my Mother about 1031 exchange. I will try and explain the situation as best I can.My Grandmother passed away 5 years ago and left my mother and her three sisters a single family...
Roger Deweese
Self manage STR through checkbook IRA?
Hi all,New here and looking into investing in short term rentals but have lots of questions. I have $140,000 in a ROTH that I would like to convert into a checkbook IRA and self manage both the ROTH and the properties...
Nick Causa
Feel like I’m getting taxed incorrectly
Maybe someone could help, or tell me i’m all wrong. I know taxes are your biggest expense and theyve been crushing us.
My wife and I own two rental properties. One we house hack and the other we airbnb. We’re W2 emp...
Justin Hennig
Change my mind. "APARTMENTS SHOULD BE HANDED DOWN VIA YOUR WILL"
What's the best way to divest an apartment asset for an older owner who wants the best for their family is Option #11) hand down asset to children via a willOther options:2) Sell outright and pay taxes3) Exchange into...