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12 January 2025 | 8 replies
Did the proceeds from the sale count as short term or long term capital gains?
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13 January 2025 | 31 replies
My largest challenge with that is that my W2 doesn't pay me enough for me have to a large portion of down payment saved up...unless I saved more aggressively than what I do now.
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22 January 2025 | 10 replies
No tax so far I think.2) If I convert that partnership interest into shares in a PUBLICLY traded UPREIT I trigger tax on the deemed sale/exchange of the partnership interest into stock of the REIT?
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20 January 2025 | 19 replies
U can initiate a sale as the owner this is just a moratorium from investors or others wanting to swoop in and take advantage of folks at least that's what the state is doing or thinking this moratorium is going to doIf that's the case, I'm a fan.
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20 January 2025 | 1 reply
For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.
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13 January 2025 | 10 replies
We all see a lot of these parks for sale.
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17 January 2025 | 2 replies
It’s crucial to conduct your own due diligence, especially when it comes to rent comparisons and property sale prices.
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4 January 2025 | 11 replies
"A second question is if I finance the car purchase can I also deduct the business use portion of the interest charged on the loan?"
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9 January 2025 | 21 replies
If you're only using a portion of the funds, its less of a risk and could make sense depending on your situation and the deal itself.