Ben Stanley
How to utilize $9k in a 401k
10 October 2024 | 9 replies
Think real estate joint venture.
Joe Davis
Free wholesale training for new Texas wholesalers?
8 October 2024 | 17 replies
Basically, if your deal is a deal - it's going to sell at a good % You will not need additional, expensive dispo tools or Joint Ventures.
Eric Sato
STRs as a married couple, tax strategy
7 October 2024 | 7 replies
I am trying to find the most relevant information for our strategy to ensure we get the best joint tax deduction options against MY W2 income.Is the following strategy correct?
Emmanuel Barrientos
2nd FHA Loan | House Hacking
7 October 2024 | 10 replies
The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern and will be exempted.
Account Closed
15 Undeniable Reasons It's Time to Sell Your Investment Property
10 October 2024 | 0 replies
For example, the “Home Sale Exclusion Gain” (IRS Section 121) lets you exclude up to $500,000 in profits if you are married filing jointly and $250,000 if you are single.The post originally appeared on the BiggerPockets blog.
Marcus Welson
Capital Gains and Basis on Interest Acquired Over Time through Surviviorship
5 October 2024 | 2 replies
I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.
Joseph Scorese
Building a Scalable Real Estate Business Strategies
6 October 2024 | 1 reply
Joint Ventures (JVs): Partner with other real estate developers, construction companies, or financial backers to co-develop projects.
Karen Smith
Seizing Opportunities: How Private Money Lending Fuels Competitive Real Estate Deals
4 October 2024 | 6 replies
Private lenders for sure and also joint ventures with other investors to pool money and resources
Alfredo Cardenas
Reps Status (via wife) & Material Participation to offset W-2
7 October 2024 | 20 replies
Yes, as long as you're filing jointly, you can combine the time and activities both you and your wife spend managing the rentals to meet the material participation requirements.
David Neubauer
First time flipping a house - Need to knows
10 October 2024 | 13 replies
If you have a solid reserve and lose a bit of money (like about 2000) still it would be worth to get the experience and network with first flip.. or first flip see if you can do a joint venture with a successful and very experienced investor or flipper