All Forum Posts by: Fulton Abraham Sanchez

@Scott Reynolds, hi.
1. Land should be separate LLC with 2 members for LL protection. Otherwise S-corp 1 owner.

2. Self directed IRA keep in mind you need to liquidate the assets at 72 and half years old to pay taxes on minimum required distributions.

3. Max contributions to 401k if available or contribute to IRA.

@Justin Ake, hi. 

1. No

2. No

3. Taxes are calculated on the annual sale installment gain. 

@Ryan Johnston, hi. If sold, full capital gain tax applicable. 1031 exchange is a good option. Renting is still good to cover mortgage. 

@Christine Wilcher, hi. Yes, it should be 2 owners for limited liability. 

@Tony Mendoza, hi.

1. LLC should be two member to limit liability. Rental income to you or LLC is same nature, passive, and will not changed if moved to LLC.

@Andy R., hi. There are over 20+ enlisted CPAs here in Biggerpockets assisting Real Estate investors with their tax planning and accounting. Please feel free to set up a consultation call to see whether he/she is a good fit. 

@Michael Grappone, hi. There are over 20+ enlisted CPAs here in Biggerpockets assisting real estate investors nationwide with their tax planning and entity formation. 

Feel free to reach out with your inquiries. 

Best, Fulton

@Jeffery Speck, hi. It would be best for you to go over a suitable business structure and tax implications. There are over 20+ enlisted CPAs assisting real estate investors nationwide with their tax planning and entity formation. Feel free to set up a call to see if he/she is a good fit.

Best, Fulton

@Lor Fara, hi. There are 20+ of active CPAs here in Biggerpockets assisting real estate investors nationwide with their tax preparation and strategies. Feel free to reach out with your inquiries and set up a call to see if he/she is a good fit. 

@Jess Azong, hi. There are over 20+ enlisted CPAs here in Biggerpockets assisting Real Estate investors with their business structure and tax implications. Make sure to reach out to one that is an investor savvy as location is no longer an issue. 

Please feel free to reach out with your inquiries.