This classification can take away key benefits like 1031 exchanges, installment sales, lower long-term capital gains tax rates, and depreciation deductions.

By attending these events, investors can not only find wholesalers but also build lasting connections that might lead to exclusive off-market opportunities.To maximize the benefits of these meetups, be open about your investment goals and express your interest in off-market deals.

Did the attorney explain the benefits and risks of doing so.

Sounds like you’re navigating a big transition and doing a lot of things right already by planning ahead and speaking with a tax attorneyA few things to consider or ask about when you meet with themCapital Gains Exemption If this was your primary residence for 2 of the past 5 years you may qualify for the Section 121 exclusion which allows you to exclude up to 250K in gains if single or 500K if married filing jointlyCapital Gains Bracket You’re right to look at your taxable income including W2 wages and life insurance proceeds to see where you land The life insurance death benefit itself is generally not taxable but if any of it was interest income it might be Ask the attorney to confirm that partEstimated Taxes If you sell the house and owe tax you may need to make an estimated payment to avoid penalties especially if your W2 job didn’t withhold enough for the yearHealth Insurance and Marketplace Credits Since you’re planning to go on your partner’s plan this may not apply but if for any reason you do end up looking at Marketplace insurance your income level will impact subsidies Ask how your income mix affects thisNew Business Planning Talk about how startup costs might be deducted how to structure the business (LLC S corp etc) and whether making a clean break this year or early next year gives you any tax advantageRetirement Account Planning If you have any traditional retirement accounts and this is a low-income year you might consider a Roth conversion or some other strategy to optimize your tax bracketIt’s totally normal to feel nervous about a big change like this but you’re already doing the most important thing which is planning proactivelyHappy to talk more if you want help organizing the numbers or figuring out what to ask I work with a lot of people going through life and business transitions like this and it’s all about getting the right pieces in place ahead of time

That tax benefit alone can turn a break-even or slight negative-cash-flow property into a net-positive investment after taxes.In short: yes, it’s still possible, but you may need to shift your expectations on market or cash flow, and factor in total return (including tax savings and appreciation), not just net cash flow.

Before we explore this question, an important reminder: make sure that you can benefit from cost segregation, to begin with.

By attending these events, investors can not only find wholesalers but also build lasting connections that might lead to exclusive off-market opportunities.To maximize the benefits of these meetups, be open about your investment goals and express your interest in off-market deals.

It seems like the series LLC has some good financial benefits to it.Any help or guidance with this would be greatly appreciated!

Buying in personal name allows you to use FNMA/FHLMC/FHA & VA mortgages.Buying in an LLC => higher rates and down payment (Typically 20% minimum).Insurance will usually cover any potential liability issues.Only other benefit of an LLC MAY be anonymity - depending on state LLC is in.

Unless you are priced high or have a tough to sell property I don't think you need to be as low as 5.5% to make owner financing a benefit for the buyer.