Danny Kay
Property Tax, avoidance?
One of our development projects (assemblage) is about 8 parcels. Now obviously this is not fun to pay every year. I have a couple questions.
Does anyone have experience with some sort of agriculture agreement with t...
Michael Mignogno
Avoiding Transfer Tax
To all the lawyers and accountants or really just anyone who has managed to successfully do this, is there any way to switch a property to an LLC without paying transfer tax? I am the sole owner of the property as we...
Jerome Ramirez Guerrero
Depreciation taxed avoidance ?
Can depreciation taxes be avoided by performing a 1031 exchange?
Thank you,
Bob Grant
Avoiding Gift Tax
Hello BP Community,My father-in-law would like to gift my wife and I his cabin. He doesn't care what we do with it (keep it and enjoy it or sell it). He owes on his mortgage about half the value of the cabin. We wo...
Bellman Tumasang
Building a Property Portfolio
If I own my properties via an investment holding company that owns subsidiaries that take title to my properties can I do a property cash out refinance and pay the proceeds to the holding company tax free to buy more ...
Edwin Duran
CPAs and Real Estate
Hello BP'ersThis sounds a bit like a newbie question but what value can a CPA or accountant provide a real estate investor, agent or anything RE related, with? Where is the correlation among the two professions ? What...
Patricia Naranjo
Purchase from spouse?
'Ok, this may be obvious but I would like to make sure. My husband is doing a 1031 and thinks he can purchase the property that I am selling. His property and 1031 are in his name, my property is in my name. We usu...
Elliot Freeman
Tax Avoidance on Duplex
I own a duplex in California in which I live in the top unit and rent the bottom unit to a tenant. The property is valued at about $1,000,000. The property tax is about $15,000 annually. To date, I have attributed hal...
Gjon Rexha
Capital Gains TAX Avoidance
Hello all First post! My firm is purchasing a MF property from this couple in their mid 70s-80s. They purchased the property in 1992 and are looking to avoid paying capital gains tax on the property. What would be the...
Aaron Matassa
Rental Income Tax - avoid?
Hey all. I searched for an answer here but haven't found it. If I missed it, please let me know.
I'm in the planning stages. What I would like to do is get a multi-family property and collect rent (gasp!)
But when...