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21 January 2025 | 2 replies
When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.
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16 January 2025 | 1 reply
Purchased in 2015 for $57k seller financed.
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16 January 2025 | 7 replies
In order to defer all tax you must purchase at least as much real estate as you sold.
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23 January 2025 | 14 replies
In general, Cleveland is an excellent market to purchase rentals.
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30 December 2024 | 1 reply
Purchase price: $415,000 Cash invested: $90,000 MY FIRST RENTAL PROPERTY !!
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23 January 2025 | 20 replies
I've been investing in real estate for 10 years and have purchased and rented 50 sfh's and duplexes.
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17 January 2025 | 40 replies
@Mitch Davidson I purchased a property recently and closing in May.
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16 January 2025 | 15 replies
Double close: You do actually purchase a property and then sell it the same day to another buyer.
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15 January 2025 | 5 replies
If you want to combine two or more lesser sales into one higher purchase that is fine as long as your purchase meets the timing requirements for each sale.
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23 January 2025 | 16 replies
Quote from @Nick Am: I own a rental property through a single member LLC (say LLC-A) and I am in process of purchasing another property under the same LLC-A.