Karen Leonard
Property Tax and Mortgage Interest paid from escrow in 1031 exchange
I am in contract to sell an investment property, and the proceeds will go to the 1031 QI that I've identified. The preliminary Seller's Settlement statement plans to pay the prorated property tax, and mortgage interes...
Zach Geddes
Potential Tax implications for buying house for parents
First thank you for your time.I live in CA and my parents are moving to MN where the rest of my family lives. Due to health issues my parents are now on disability and a fixed income and want to move for cheaper cost ...
Joseph Ziolkowski
Entity question
Hi everyone! I want to form an LLC for my new wholesaling business and want to open up a bank account for it. My question is, my credit isn't great right now, and I know that banks are suddenly choosy about who they w...
Cheryl Naegel
Capital Gains Indiana
Hi everyone! I just sold my Indiana rental property on December 5. I purchased it in 1994 and lived there until 1999. I then moved and rented it out until 2003. I then moved back in until 2004. It has been a rent...
Daniel Leake
Close before or after year end?
Hey,
I am purchasing my first owner-occupied (and first ever) home. Closing is currently set for December 28. Would there be any reason that the Realtor is trying to close before the end of the year, or any reason ...
Matt Smith
Partial 1031 exchange
Can I do a partial 1031 exchange?For example, I had $300K from the proceeds of the sale, and I want to reinvest only $200K in a new property. Does it mean I can still transfer $200K to the new property and be taxes on...
Kathleen DeNault-Ridge
Newbie passive investing strategies
I would like to get involved in RE as a retirement strategy. I am more interested in long-term investing rather than cash-flow. With my full time job, my young family, and limited available time, I have been recommen...
Julio Gonzalez
5 Tips to Kickoff 2025 Successfully
It’s a new year! Have you taken the time to sit down and reflect on last year and how you did compared to the goals you set for yourself in 2024? Have you set new goals for 2025? Each year, I like to take time to refl...
Tyler Blackwell
Family member wants to bequeath house...easier to be on title?
Hey all,Let's consider a scenario: An older family member is moving to town and buying a house. This person will put a significant portion (50%) down, so there will be plenty of equity in the property. This family mem...
Jimmy Ready
SDIRA - self directed RIA questions
Hey!So I am about to get a job as a police officer (woop woop!) and I know one of the questions they will be asking me is how much do I want to put towards a 401k plan. Now as much as my parents would love for me to s...