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6 February 2025 | 0 replies
With the recent tax law changes in capitol gains taxes in Canada and this property not being their primary residence.
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30 January 2025 | 6 replies
My goal is to help property owners navigate management challenges while ensuring their investments are well taken care of.I’d love to hear from experienced investors about what’s working in the Charleston market and share insights as I gain more hands-on experience.
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5 February 2025 | 5 replies
What the concept you mentioned is talking about is leveraging equity to gain cash vs. selling essentially.
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22 January 2025 | 8 replies
Here’s how using a Self-Directed IRA (SDIRA) to invest in real estate enhances these benefits, especially for those looking to diversify their retirement portfolio: Tax-Advantaged Growth: Real estate investments inside a self-directed account grow tax-deferred (traditional SDIRA) or tax-free (Roth SDIRA), meaning rental income, appreciation, and even gains from selling the property stay shielded from taxes until withdrawal—or forever in the case of a Roth!
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6 February 2025 | 13 replies
Let her sell it as she won’t have a taxable gain which you will have if she gives it to you and you sell.
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22 January 2025 | 4 replies
Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.
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5 February 2025 | 1 reply
I own a duplex in Tempe Arizona and looking to continue to gain experience.
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4 February 2025 | 3 replies
At this point since it's after the fact while not totally correct; you may explore adding the missed asset/basis amount as a selling cost to just reduce your gain.
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24 January 2025 | 21 replies
Slow start but hoping to gain momentum.
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20 January 2025 | 7 replies
I would sell and take your gains.