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28 January 2025 | 6 replies
Will refinance if rates go down in the future.
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21 January 2025 | 3 replies
Angel investors might be interested, but you'll likely have to give up a portion of the ownership or future profits, and there could be potential complications in managing the investor's expectations and involvement.
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30 January 2025 | 4 replies
Again I'm mentioning for future readers to see that price should not be out of thin air..
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6 February 2025 | 28 replies
Karin,I know I’m a bit late to this post, but I’d like to offer some advice for your future investments.
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7 February 2025 | 10 replies
High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.
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24 January 2025 | 8 replies
The recipient inherits your original cost basis, which is used to calculate their future capital gains when they sell the property.
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6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.
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24 January 2025 | 6 replies
It seems like the perfect place, BiggerPockets, for finding people who are like-minded, asking them questions, and learning how to become a future investor.I believe that no matter how unforgiving the market may seem, the right tools, knowledge, and preparation can help minimize risk and create opportunities.
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18 January 2025 | 1 reply
It avoids having to pay the capital gains and lets the property keep appreciating while you still own it and reap those future rewards and more cash-flow from the property in the meantime.
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31 January 2025 | 20 replies
Scott has a binding agreement with us that strictly prohibits this type of defamatory, false post, which obviously can cause confusion in the marketplace, for future and current partners.