Cole Starin
Considering Property Sale
24 January 2025 | 5 replies
What are the tax ramifications of a sale, if any?
Tim Brinsek
Analyzing a Deal with Private Money Covering Part of the DP
31 January 2025 | 6 replies
From there, it's easy enough to look up the tax rate for corporations and make your tax burden assumption.
Helena Lee
Has anyone ever experienced buying a house with full bitcoin?
31 January 2025 | 2 replies
So, if she bought the bitcoin for $1 million and is now using it to close on a $10 million property, that is a $9 million gain that needs to be accounted for in her income tax.
Jon D.
Relocation / selling vs investment?
22 January 2025 | 12 replies
You're giving up some good tax benefits since you're in the tier of taking itemized deductions.
Basit Siddiqi
Experienced SFH Investor: Next Steps?
30 January 2025 | 7 replies
Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?
Devon Moore
New development hard money
3 February 2025 | 0 replies
but if i go in a LLC with them i get hit with the tax from the sale of the homeThe GC and the flipper were just going to split the profits from the sale of the home and they were going to pay me 2%/12% for the duration of the build.
Nathan Nathan
Help required to create LLCs in Wyoming/Georgia/Michigan
3 February 2025 | 12 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
Stacie Telles
Refinance on Investment Property
3 February 2025 | 12 replies
At least now your tax basis is $220k ;-) What was the extent of the repairs?
Julio Gonzalez
Is my property a good candidate for cost segregation?
17 January 2025 | 2 replies
They are so tax beneficial!
Tristan Kelly
First MF purchase in Cleveland OH
29 January 2025 | 11 replies
Enough immediate cashflow to balance out the mortgage, taxes and insurance.