Robert Sorrels
Can I use “Refi” Funds from Investment property for next primary?
I recently “Refinanced” an investment property I bought at auction with cash savings and Heloc from primary. I also moved out of my primary residence and leased that out. Now I would like to a purchase a multi family...
Cory Fournier
How should my Agent get paid?
Should I have my new Tenant pay me, then I pay the Agent who found them their cut, or should I just have the Tenant pay the Agent? I understand that you will not be giving Financial Advice, I am just looking for the t...
Sharon Carson
Tax repercussions of selling a rental
I'm trying to "crunch the numbers" in regards to the tax repercussions of selling my rental, and doing a 1031.OR, moving back into it for 2 years and realizing the 250k tax break.Trouble is, I bought this as raw land ...
Account Closed
Can I roll a SDIRA funds BACK into my 401(k) in the same year?
Earlier this year, I setup an SDIRA and rolled a portion of my previous employer's 401(k) into it. Now, I'd like to roll a portion of that initial portion back to the 401(k). I've confirmed that I am able to do this, ...
Daniel Mills
Cash out refi buy out - tax repercussions
Hi guys,I know this is a question best asked of my CPA, and I am in the process of contacting him but considering he might not get back to me quickly, I was hoping I could get your ideas here.I own a property in Idaho...
Lisa Wagner
Leveraging free & clear property held in a solo 401-k
I am in a pinch for some cash. I own a rental property free and clear and would like to take a loan against it. What are some options and what, if any, are the tax repercussions?
Rob Strickland
Cash Purchased Flip, Transferring Title to LLC
I purchased a property back in early 2015 for 35k without financing. Since then I've spent roughly another 10k to perform the demo, put together drawings and for permitting. The property is currently in my name, but...
Jacob Diaz
Transfer out of LLC to make the most of conventional loan?
Hello,
I'm looking into a cash-out refinance for a property that I own (held in an LLC). I found an appealing conventional loan. However, to get the most of it, it would require that I take the property out of the L...
Jessica Kirkpatrick
LLC/ Sole Proprietor and S or Corp
I have a question:1. What should I have in place before buying <$50K rentals to limit liability and pay the least amount of taxes?Thanks in advane!
Erika Murphy
Which financial structure is best?
I have an opportunity to buy an empty, zero mortgage house from an elderly seller. Not a family member but close enough.
Seller doesn’t want to pay the tax on the sale or manage the house anymore.
Would a leas...