Check with a tax professional, but if you have lived in the home for 2 of the previous 5 years, you may not owe any capital gains tax, and so a 1031 is irrelevant.If you didn't you may want to wait.If you do go ahead, read about 'mortgage boot'.

Over the last 6-7 months, I’ve been doing my best to “get smart” on real estate investing, starting off with Rich Dad principles, which led to Rich Dad Advisor (McElroy, Sutton, etc.) audiobooks, which led to BP podcasts and doing YT research on tax benefits…I’m feel ready to take action and start putting everything into practice but still not certain which method is best for my first investment property.

To get top dollar for a renovated property you're going to have to clear the title as it would be very difficult, if not impossible, to find a title company that will write a policy for title insurance on a property coming from a tax sale.

Hi everybody.I have a question on the tax/legal side here.Does an LLC created in the United States under the law of the U.S. and the any state, whose managers/members are foreign individuals, is subject to the FIRTPA withholding when selling a U.S. real estate property ?

An owner will sell off market for convenience some times, but it is mostly because there is a problem that needs to be solved prior to it being market ready that they cannot afford to or do not know how to solve. 

Factor in all your expenses such as property taxes, insurance, repairs, maintenance, repairs and potential rents. 2.

In that sense, when an investor buyer is competing with other investor buyers for an off-market property, you are not typically given the opportunity to perform a full third-party inspection prior to putting in your highest and fastest cash offer.I'm not a pro by any means with off-market properties.

I'm at fault for MY PROPERTY MANAGER not checking the basement LITERALLY FOUR MONTHS BEFORE after the prior tenant moved out?!?!

Remember Each City website has a place where you can look up the tax record make sure you take a look at that before you make any decisions, It can give you insights in to the Flood zones, HPC zone, ETC.  

This can result in higher depreciation deductions in the earlier years of ownership, providing tax savings.Tax Situation: Consider your tax bracket and the impact of increased depreciation deductions on your tax liability.