Is there a minimum amount of time that a property must be held in order for it to not fall into the "fix and flip" category for tax purposes?
I am reading about the advantages to accept a seller finance offer. One of the advantages is that they can spread the tax due over several years. Can you explain how this process is done?
Our rental real estate is reducing our income for taxes, which is fantastic! Lenders always want to see our tax returns. How do we show them our "real" income?
You mentioned in the live session of Ask Tom Live that a serious real estate investor should pay little or even no tax. How is this possible?
When you transfer rental property into an LLC, is it considered a sale of property?
I want to purchase a rental income property before the year is out. Would it be wise to purchase this rental property or not? Are there any tax benefits for doing this now?
Is there a "rule of thumb" about how much I can reduce my current withholding based on each $100,000 (or some other value) invested?
When we move rental property out of our personal name and warranty deed it to our real estate LLC, does the LLC need to purchase separate title insurance?
My daughter has done some fix and flips here in the U.S. with me and is now going to do them in Canada. What is the best way to handle this so to ensure the best tax situation for me?
Do I need to get the LLC set up prior to entering into an agreement with the renters or can I amend the rental agreement upon the creation of the LLC?