All Forum Posts by: Andy Becker

Hello - I am US citizen looking to buy a home in the UK for UK family members. The idea would be to split the ownership of the home with those family members. I was looking for assistance, mostly with the tax implications and legalities of setting up the structure. This is likely in the area of Nottinghamshire..... thanks!

Roadside near vacation spots Lincoln, Loon Mountain & Waterville Valley. Future home of glamping site. Plans to expand & improve. Close to Interstate 93 between exits 29 & 30. Lease highly negotiable & open to discussion on build-out of supporting facilities.

@Daniel Netzer what kind of salt water hot tub do you have? interested. I see people talking about the maintenance - but there is a difference between infrared saunas and steam saunas - in general the infrared should have much less issues (no water plumbing!), and it is thought there are benefits to infrared as they give you a "deeper" heat. 

What captive portal software do you use to track internet usage? In effort to prevent DMCA being misattributed to owners. I assume you'd also have a terms/services to agree to that helps indemnify owners.

Is there a debt product for this situation?

I have a single family home I am considering purchasing with my LLC, all-cash. The property needs repair, things like roof, electrical fixtures, paint, crack repair, new appliances etc. It's all concrete. Ultimately I may want to own the property in my own name, not with the LLC. And I would like to not come out of pocket with cash, and instead use low rate debt. If I finance the repairs now, I am not sure the terms/ease to get a commercial rehab loan? and then try and make a transaction to purchase the property from my LLC, the market value will have increased and I assume I will need to pay a near-market value so that the sale is not disregarded. That would be a lot of extra cash to come up with. At least at that point I could cash-out refinance at the after-rehab value. Ideally could find some financing that can "stay with the property" and not need additional setup with the transition from LLC to personal ownership, assist with rehab and anticipate the ability to capture the appreciated after-rehab value?

What if the trip is primarily personal but you do some business while there - would the airplane tickets still be 100% deductible? what if you're driving - would the equivalent to the airline tickets be gas or some kind of mileage fee?

How did you make out with this? Have a similar situation myself. Did anyone help you or was the IRS able to assist?

Can someone explain what the ramifications for RE investment are? Does this just make 1031's more restrictive? https://rsmus.com/what-we-do/services/tax/federal-tax/irs-issued-proposed-section-1031-regulations-for-like-kind-excha.html

So I did a little research on DSTs. There is really no IRS private letter ruling specific to DST (or at least it is never mentioned as such) as far as I can tell, despite some advertising to the contrary. A tax attorney explained it to me that rather, what it is, is that the IRS has lost big in some recent cases. He says though there is no private letter ruling, he says there are few-to-no tax court cases that would indicate the IRS is fighting against these. He thinks the IRS would not fight this in court because they might lose a la the "substance over form" doctrine similar to how they got "crushed" recently in the Sumo-Holdings case. Creating such a trust would raise the chances of audit, and it is true that the IRS might scrutiny a tax payer much more closely in other areas, even tho they may leave your "DST" alone. He would defer to local attorneys however since trust laws are so specific state to state - and seek to setup what he called a generic children's (uncapitalized/lower-case) deferred sales trust, using your children, for example as beneficiaries. DST would be an aggressive strategy but more conservative than a monetized installment sale. Happy to trade notes with anyone on these topics.

Kevin Paffrath uses about 60% leverage across his portfolio (I assume total debt liability to debt+equity ratio) per