Real Estate Investing: Would I be "evading capital gains taxes" by selling my real estate to a family member for less than fair market value? |
- Would I be "evading capital gains taxes" by selling my real estate to a family member for less than fair market value?
- Does Anyone Here Invest in Non-Residential Real Estate?
- How to invest $450,000?
- Property In S-Corporation how do I take it out without any tax problems
- Wholesaling vs. Rehabbing - First-time investor
- In an inflationary environment, the fed may be forced to raise interest rates to protect the dollar. I know real estate should inherently be protected from inflation given it's a real asset, but would higher rates potentially outweigh it's inflation hedge potential?
- Repurposing single-family homes for college rentals
- When Paying Points On A Mortgage, Do You Calculate Payback Period Based Upon The Refi Interest Rate Or Your Current Interest Rate?
- Anybody able to pull off full-time real estate and a second job/stream of income that's not real estate related? If so, what is your second stream/job?
- How to evaluate the current market?
- Help with Investment property finance options
- Find a real estate agent that knows the rental property process
- Who knows much about Edmond, OK?
- Best place to keep an eye out on foreclose inventory?
- Company Structure
- New investor looking for advice and guidance
- Commercial Loan Options
- Want to buy 1 parcel of land and build 3 homes on it. What are the hurdles?
- If you are 100% sole owner of the llc, how do you make your Certificate of Incorporation or Certificate of Organization?
- What happens when a property doesn't sell at the tax sale?
- Sale of formerly primary residence in another state, which state do you pay cap gains taxes to?
- Foundation Issue
- Pros and Cons of converting VA Loan to conventional
| Posted: 21 May 2020 02:50 PM PDT I haven't been able to find guidance on this except for this article which eluded to what I'm concerned about. As a RE investor, I'd like to know. "For example, if you're selling your primary residence at a profit that's less than $250,000 if you're single (or $500,000 if you're married), it's exempt from capital gains tax. But if you're selling it for more, then you'll need to pay a capital gains tax on the excess proceeds. So, if your price reduction reduces your proceeds so that they fall below that exclusion threshold, the IRS will red flag the transaction as an attempt to sidestep the capital gains tax." https://www.homelight.com/blog/can-i-sell-my-house-to-a-family-member/ [link] [comments] |
| Does Anyone Here Invest in Non-Residential Real Estate? Posted: 21 May 2020 05:44 PM PDT I was wondering if anyone here invests in anything besides residential real estate and how they got into it. I often here people talking about investing in farm land, commercial buildings, industrial lands, and other types of real estate, but I have no idea how they get into it or even find the properties listed. I'd be interested to hear from anyone who went the non-residential route and how they got started. [link] [comments] |
| Posted: 21 May 2020 08:08 PM PDT I'd appreciate advice from seasoned real estate investors. I have flipped only 2 homes so far which I purchased with cash. Made a decent return on both. I have about $450,000 cash which I'd like to invest into real estate rentals. I'd like to have some decent income so I can retire and travel. I can sustain my current lifestyle for around $10,000 per month. Decent SFH in my area go for $150K and rent for $1000 per month. I am thinking 30-30-30 split on purchase ie. 1x cash buys, 2x 50% down, 5 x with standard 20% down, total 8 homes.
Thank you in advance, really looking forward to some replies :) [link] [comments] |
| Property In S-Corporation how do I take it out without any tax problems Posted: 21 May 2020 08:00 PM PDT I'm trying to financing for a property held in a S-Corporation. I want a conventional loan, but due to the property being held in a S-Corporation, I can only obtain commercial financing. How do I take this property out without "selling" it to myself in a LLC or Sole Proprietorship? This would be significant sales and captial gains taxes. [link] [comments] |
| Wholesaling vs. Rehabbing - First-time investor Posted: 21 May 2020 11:52 PM PDT Hello! I'm new to this idea of wholesaling and rehabbing. I am looking to invest in property by EOY or next year, but don't know which route to explore first. My plan as of now is to buy property that needs TLC, renovate, and sell for profit. Then, after accumulating enough liquid asset, leverage it to buy multiple single family homes and have rental income. How did you start to invest in property? Thanks! [link] [comments] |
| Posted: 21 May 2020 11:43 PM PDT How did real estate perform in the 70s and 80s in real terms for example? [link] [comments] |
| Repurposing single-family homes for college rentals Posted: 21 May 2020 08:11 AM PDT Anyone have experience renting out a single-family home as a college rental? I'm preparing to take the leap but want to stick to single-family homes to start out in case it becomes a headache (single-family = multi-purpose). Very interested to hear the experience of regular folks who don't have YouTube channels. Ideally, I'd be looking for something within 10-20 minutes walking from a campus where there's a market independent of the college. The perfect situation would be a 2/3br that could be converted into a 4br when I get around to it. What's gone well? What do you wish you knew going in? How did you find a property manager? Numbers always welcome. [link] [comments] |
| Posted: 21 May 2020 07:34 PM PDT Looking to do a refi and am getting 3 options for paying points: 0, 0.25%, 0.875% When comparing what would be my new monthly payment with my current monthly payment, my payback periods are 0, 2, and 6 months respectively. There is no problem coming up with the cash to pay the points. Not sure how long I will continue to have the house but I foresee easily 5 year and maybe more than 10. What is the better deal? [link] [comments] |
| Posted: 21 May 2020 10:11 AM PDT Is there anybody who is an agent that has a nice little niche side-hustle or second job? I'm trying to think of ideas of second jobs that could feasibly work with a committed real estate career.... I am struggling to pay off student loans (fell into the educational system BUSINESS trap)? And so having a side income to put towards loans would really help relieve some anxiety/depression. I am single and don't plan on having kids, so I have a little more disposable time than most. Shout out to my real estate agents out there killing it, and also supporting a family/kids by the way! [link] [comments] |
| How to evaluate the current market? Posted: 21 May 2020 11:33 AM PDT Hey everyone, I'm struggling to make sense of the current economic situation as it relates to housing. Based on how things have shaken how historically, you would assume that as unemployment rises, mortgages will fall behind and houses then get dumped onto the market. However, this unemployment wave has been different than most others. This one has really hit the service industry and just-in-time manufacturing jobs the worst. It doesn't seem to have hit those who purchase homes as badly though. Perhaps the venn diagram of homeowners and service industry professionals is not as large as other job types. Which leads me to my conundrum... Why would the housing market fall now if homeowners are keeping up on their mortgages? Even if they do not, currently there is a government program that promises to provide assistance for anyone who has fallen behind on their mortgage payments. Assuming that helps even some of them, it would greatly slow down the rate of houses being put on the market. How long are people going to wait to see if mortgages fall behind and homeowners have to sell? How many are feeling based on the information now that things aren't really going to fall out like some were predicting? Any insights from some veterans with wisdom would be appreciated. [link] [comments] |
| Help with Investment property finance options Posted: 21 May 2020 02:26 PM PDT Im a new investor and this will be my first property. I have a lead on a single family home that is off market with a motivated seller. The seller wants 85k but made it clear to me that they are willing to negotiate. I have 3500$ to put down and talked with my bank and they referred me to another bank to talk to I have an appointment with them soon. I planned on buying and holding but there is opportunity to renovate and add value or even to flip the property as is. Do you guys have any advice on how to proceed and find creative financing. Thanks 👍 [link] [comments] |
| Find a real estate agent that knows the rental property process Posted: 21 May 2020 12:04 PM PDT I'm new to real estate investing and have been reading and watching a ton of videos to get educated as much as possible. A lot of sources I've come across recommend finding a real estate agent who knows and has rental properties that can help walk a beginner through the process. My question is whats the best way to find these people from your experience and what are your most important questions when interviewing real estate agents? TIA!! [link] [comments] |
| Who knows much about Edmond, OK? Posted: 21 May 2020 08:44 PM PDT Hello, Given how expensive the Greater Seattle area has gotten, even down south to Tacoma, WA, I cannot find any cash flow positive investment properties in WA. One of my friends brought up about Oklahoma City and the more I read and search about OKC, I am interested in purchasing an investment property in OKC. I am particularly looking at the neighborhood around Edmond, OK - which seems to be a pretty nice neighborhood. A suburb with good public school system surrounded by a few public and private 4 year colleges. The house prices range from $175k-$250k for a nice SFH with ~3 bedroom 2 bath listing at $1400 a month for rent. However, I want to hear more about this area or particularly OKC if anyone has or is currently living around the area. I don't think the houses will appreciate much like the west coast, but strong cash flow plus moderate appreciation (at least keeping up with inflation) is what I'm looking for. I plan on making 20% down, with using a realtor and property management to find and manage tenants. [link] [comments] |
| Best place to keep an eye out on foreclose inventory? Posted: 21 May 2020 07:31 PM PDT given the economic situation, is anyone on the sidelines waiting to see if there will be large influx on foreclose property? im located in NY and I finally saved enough capital for what I hope to be my first multi-unit property. I am also open to CA as well. What are some good resources to check on inventory/listings? [link] [comments] |
| Posted: 21 May 2020 03:22 PM PDT Hi Everyone, I'm a current landlord in Ontario, Canada with one door. After building up equity and cash, I'm looking to make my second move into the market. That being said, I'm looking for advice on how to structure the business. I commonly see holding companies and trusts mentioned. Based off of what I have learned, a trust is not the way I should proceed. I'm curious to know if it's possible to set up a company structure where the gains from the first few properties flipped can be reinvested to fund more purchases while only paying capital gains tax and not person income. Essentially the business makes "no" money for the first while until it is established enough. Once the business is well established, I would like to pay myself with dividends from the company. Clearly I will work with an accountant and lawyer to set up the business, however I'm currently looking to gain some insight on best practices so I'm not going in blind. Thanks for you time and best of luck in this covid-19 market. [link] [comments] |
| New investor looking for advice and guidance Posted: 21 May 2020 01:41 PM PDT Hello, I am looking into realestate investment. I have no debt and 200K cash. I make 45k a year.I am currently looking to get into a single family home with a basement. my plan is to rent out the basement (finish if needed) live upstairs and put an ADU in the back yard. My plan is to do this every year or two for the next 5 years. My realtor says there are a lot of opportunities like this in my area (PNW) the only thing that is holding me back currently is COVID shutdowns. I am wondering if I should wait a few months to get into this or if now is a good time to buy? [link] [comments] |
| Posted: 21 May 2020 05:25 PM PDT I have a commercial property that I am under contract for that will sell for around $150k in Georgia. All is well, and DD is over, but the seller just was told by their bank that they are no longer loaning on deals like his. The issue with this loan is that due to the small size most banks aren't interested. Apparently, it is also too small for an SBA loan. I really want this deal to happen, as does the buyer. He has $50k to put towards a downpayment, so the LTV is good, and he has an established business that he is expanding to it's second location, so the default risk is good. I don't want to owner finance since then I can't 1031. Any thoughts on how to find a broker who might be able to help network the loan to lenders who would be interested? [link] [comments] |
| Want to buy 1 parcel of land and build 3 homes on it. What are the hurdles? Posted: 21 May 2020 04:54 PM PDT I'm in NY state, looking to buy 10+ acres with my 2 brothers, the idea being that we would each eventually build are own homes on it, probably on opposite ends of the property. Is this do-able? What issues would we run into with permits etc? Am I in the correct subreddit? Thank you so much! [link] [comments] |
| Posted: 21 May 2020 04:37 PM PDT |
| What happens when a property doesn't sell at the tax sale? Posted: 21 May 2020 04:26 PM PDT There was a tax certificate sale I missed by 3 days. I was very upset about it. After the smoke cleared records show nobody bid on the properties in question I want. (Badly) what happens after a no sale? Do they wait for the next sale next year, or will they let me buy the certificate for the minimum bid straight from the county? [link] [comments] |
| Sale of formerly primary residence in another state, which state do you pay cap gains taxes to? Posted: 21 May 2020 03:40 PM PDT I've been toying around with the idea of moving the wife and daughter to Wyoming for a few years, specifically the Jackson Hole area. There are many things about WY to love-- amazing wildlife, amazing scenery, the Tetons, proximity to Yellowstone, fresh air, wide open spaces-- but for sake of this discussion, you can also include my genuine appreciation for zero income taxes, particularly in terms of capital gains. We have a primary residence here in tax-you-to-your-bone-marrow California that we've lived in for over a decade and have enjoyed close to $1MM in property value appreciation above the purchase price. So I'm toying around with moving us to WY and establishing residency there, while renting out our CA home. The cashflow from rent would exceed monthly home costs by over $1000, prob closer to $1500. I'm aware that if we sell our CA residence within 3 years, the first $500K would be excluded from cap gains on the Federal level. That's nice. But what about on the state level? Would we owe capital gains to the State of CA for selling a property in CA, or would we be able to recognize it in WY, thus only owing Uncle Sam for 20% of the capital gains above $500K? Google search didn't find an answer to this specific scenario, so was hoping others here have sold former primary residences in other states after having established residency in a new state? Thank you! [link] [comments] |
| Posted: 21 May 2020 11:25 AM PDT Brand new to flipping, so please forgive me if this is a dumb question. My dad (GC of ~40 years) and I have been discussing flipping a house together recently and I was looking the other day and found a property with what I believe is a lot of upside. I reviewed recent sales in the area and found a couple of comps that are very similar in size and have been recently renovated. I called the listing agent and he informed me that there is a bulging wall in the basement that would need to be repaired. My question is whether the foundation disclosure should scare me off of this project. Before buying the house, I would have it examined by a Structural Engineer and get a handful of quotes to better understand what the repair would cost, but my concern is more along the lines of trying to sell the house upon completion. [link] [comments] |
| Pros and Cons of converting VA Loan to conventional Posted: 21 May 2020 08:28 AM PDT 18 months ago I bought a 1BR condo in Washington DC as my primary residence for 450k using VA Loan with no down payment which I believe means I've used 110k of the max 510k VA entitlement. I now need more space, so I'm in the market for a 2+ BR single family home (700k-1 mil for the part of DC I'd like to stay in). The math checks out to keep the current property and rent it out, but I'm getting lost in terminology trying to figure out my options. Is there any benefit to refinancing the first property with a conventional loan by putting 20% down in order to increase the VA loan entitlement I have available to me? I'm having trouble setting up the equation in order to get the math done. [link] [comments] |
| You are subscribed to email updates from Real Estate Investing. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment