Kyle Spiewak
Tax Implications Rehab to Rental
I have a single family house I am rehabbing. If I were to decide not to sell it, but rather rent it are there tax implications that I should be aware of? There have been some significant improvements (roof, new bath...
Rafael Pinho
FIRPTA doesn't apply to a domestic LLC that has multiple members. True or False?
Hi all, EU based investor here looking to do flips and buying rental properties.If we form an LLC with a mix of resident and non-resident members, will FIRPTA apply?
Aaron V.b
Hi, newbie from Ohio
Hi, My name is Aaron and I am from the Lancaster/ Columbus Ohio area. I just moved from New Mexico and was a long time lurker of this great site.Today i decided to take action and start posting and also get into the g...
Tyler Boltz
Getting Started In Real Estate
First I'd like to describe a little about myself. I'm 2 years removed from graduation and work as a manufacturing engineer that is looking to get into REI in the near future. Over the past few months I've been researc...
Joe Stubbe
Buying our flip and taxes
We have a flip that we completed and like so much that we are considering moving into it for a personal residence and refinancing it to a primary. Are there any tax implications since it’s currently in an LLC and will...
Shelley Austin
Any case where owner financing makes sense?
Purchased property for 390K, put 15K into rehab. Home now worth 550+. Would like to sell and capture gained equity, also cash flow is not great and the house needs more work. Long-term renters want to buy at 550 as is...
Jacob Campbell
1031 only option?
I had intended to sell about $5.3MM of rental property and simply use the profits to may off debt on other notes. However, I'm told my tax basis will be close to $2MM after depreciation recapture.
Does anyone ha...
William Coet
Syndications: General Partner vs. Limited Partner
Hello,Specifically wondering what advantages the General Partner(s) has compared to the Limited Partners....Thank you in advance for any insight.
Heath Donnald
Settlement proceeds in personal name, expenses in LLC name
My wife and I are partners in an LLC that just sold a flip. The expenses were paid from the LLC account for the 14 months I worked on the house. The house was in my name, not the LLC, so the settlement proceeds had to...
Cameron Scheuer
Career advice - potential next job/career move
Hi everyone, I am a year out of college and eager to get more involved in the real estate industry. I have been working with a platform management company for about a year now and want to expand my horizons and learn ...