Account Closed
DTI after lease agreement from an LLC?
If I have a property that my spouse owns ( I am not on the deed), am I able to lease that property under an LLC that is owned by my holding company? LLC would conduct STR out of the property. For qualifying for future...
Tony Wooldridge
Qualified or not to start a REIA?
Hello BP nation. I need a little help. I live in a smaller farming community (approx: 45,000 pop) in S.E. Washington, Walla Walla Washington to be exact. It is a GR8 community and has been coming into its own in th...
Robert Fowler
Tax implications for accepting new position at work?
I work full time for a property management company as a property manager and was recently offered an opportunity to work in corporate. My job title would change to "Systems Manager" or something similar. I also hold a...
Ernest Quallis
Setting up an llc w/ spouse w/ homes in multiple states.
hello, all.I own 1 property and closing on another in ga, 1 in norfolk virginia and recently put in an offer on another property in virginia. My wife and i are needing to create an llc to get protection, tax benefits...
Rance Craig
Capital gains (sorry if repost)
Hi,I am in the process of selling a rental property. this was formerly my primary residence (3 of past 5 years) and has been rented for 2 years. it is paid off and I will net around $130k prior to taxes. my household ...
N/A N/A
Taxes
Hi all, I am wondering if anyone knows of a really good tax forum--something like BP except for general tax information.
Thanks,
Robert12
Michael Erdman
Private Money in Louisiana
I have been searching all over for a private lender for a rehab in Louisiana.Why is it so hard to find one. Most of them do not lend in LA or want money upfront.Is there anyone willing to assist or point me in the rig...
Sam Brown
gains on land sale and purchase
Hi, I have a primary residence on a large piece of land. I'm selling a lot from it (say for $300k) and at the same time buying an adjacent lot (say for $100k). How does capital gains work in this case? Can I claim...
Charles Moore
Own rentals w/ little equity in my name w/ primary home in Trust?
Hi, all!I am looking at acquiring 3-4 properties through a 1031 exchange from an appreciated rental that I have in my own name - I already have that part figured out.What I am still researching is whether or not to p...
Ezhil N.
New Member from Central Illinois
Hello All: I'm a practicing CPA and have been trolling this website for the past 6 months. I own two rental properties - a townhome and a duplex. I want to expand and diversify my real estate holding in the next 2 y...