All Forum Posts by: Christopher Smith

Like the emphasis on selecting efficient investments because of their economic prospects not because of their potential tax benefits. My experience indicates that solid due diligence upfront on the economics is the critical factor, the tax aspects often take care of themselves with only modest planning.

1) sounds like costs incurred directly proximate and related to a successful acquisition. 

2) points are generally not taxable so it seems as if they should not be deductible

I wonder if agent's ever read these threads 😂

No you don't need one, most investors don't have a license, but some do. If you want your own agent to represent you in the process, you can, but again it's not required. 

Do you need an agent to assist you, or are you knowledgeable enough to go it on your own?

The way I deal with real estate investments is to select and invest only in properties that generate income AFTER depreciation. Amazing what selecting investments based upon economics (not tax) can do for you.

Never had a problem utilizing all of my tax deductions and I always take everything available to me. 

SMLLC's don't confer any basic tax advantages and LLC's taxed as partnerships don't confer the tax benefit you're concerned with especially with a single rental.

Use the date it was placed in service, in other words presumably June 1

Your potential concern is that you're receiving a present interest property for services rendered. 

Either would seem to be clearly self dealing, prohibited transactions

1 No 

2 Same as if held outside the DE, that's the central tax concept of a DE