All Forum Posts by: Mark Perlberg

If at all possible, consider offering a lease option to prospective buyers. While you're a landlord, they'll be incentivized to pay rent timely and treat the house with care. If the purchase is executed after a year, you'll be taxed at your long-term capital gains rate instead of your ordinary income rate, and you'll eliminate all of the self-employment tax on the transaction (15.3% on first $132,900). 1031 becomes possible too. Just giving you my 2 cents from a tax perspective 

Thanks @Dave Foster! At first I thought it was just my imagination. I'm probably talking to the client this week about what she plans to do. If we go through with it, you'll be my guy! 

@Dave Foster was thinking about recommending this to a client with over 60K of expected capital gains. You just made my day!

I'm showing up Friday night, and couldn't get into the Sunday event. I'm gonna be checking out the city and networking with whoever's free. Hit me up! 

Sounds good! When are you arriving in Nashville? 

What's up BP! I'm arriving to early in Nashville, Friday night for the BiggerPockets conference to explore all there is to offer in such a lively city. Also, I'll be free Sunday night, because the BP networking event that night was sold out. Who's up for some real estate talk over whiskey and hot fried chicken with some country music in the background? 

A little about me: RE Tax Strategist and CPA. House Hacking, doing short term rentals and pursuing arbitrage rentals. Eventually trying to get into multi-family. Looking forwards to meeting anyone who's free!

Hey BP, I'm curious what issues you're most concerned about when it comes to passing an IRS audit and staying compliant with all regulations we have to follow? 

What penalties have you or your colleagues faced/almost faced/barely avoided?