Kevin Hoover
Limited partnership to TIC - Can a child get joint property without capitol gains?
1 January 2025 | 4 replies
And each former LP (now a tenant in common) can do a 1031 exchange on their portion.
Meena Mallik
New member looking to connect
22 December 2024 | 21 replies
I work extensively with foreign nationals so happy to connect if you have any questions!
Paloma Wodehouse
High Priced First Buy
8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
Carlos M.
$563,313 paid in interest in 2024
11 January 2025 | 4 replies
After selling one and using a 1031 exchange to buy a fourplex in Chicago, he reduced his interest burden by 20% while boosting his net incomes by $1,500 per month.
Devon Shives
2nd house hack help!!
9 January 2025 | 2 replies
If not, I'll have a property I could 1031 exchange or just sell.
Jayson Avina
New member intro + Need help Wholesaling Please!
4 January 2025 | 1 reply
.* Learning the ins and outs of structuring win-win deals.I’m open to partnering, collaborating, or just grabbing coffee to exchange ideas.
Dayana Castellon
AI Innovation and useful
29 December 2024 | 7 replies
I’d love to hear your thoughts and maybe exchange ideas on how we can leverage these advancements.
Fidel Mercado Gonzalez
Financing Options for International Investors in Canada: Seeking Insights
17 December 2024 | 4 replies
BC I know has a property purchase tax for everyone and an extra one for foreign investors.
Katie Southard
Selling Rental before Cap Gains Timeline
8 January 2025 | 10 replies
The ultimate tax hit is at most $5k (20k * max 25% tax rate) and it's probably not worth it to 1031 exchange for that little of tax deferrals.
Sandra H Kopper
Delaware Statutory Trusts
31 December 2024 | 3 replies
I went with Cornerstone Davis Kangas took care of the 1031 exchange.