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Results (10,000+)
Nathan H. Complicated Capital Loss/Gain Question for all of the tax wizzes on here
15 April 2024 | 7 replies
This can reduce your taxable income for the year.Carrying Forward Unused Losses: If your total capital losses exceed your total capital gains plus the allowable deduction against other income (currently up to $3,000 for individuals or $6,000 for married couples filing jointly), you can carry forward the unused portion of your capital losses to future tax years.Regarding your question about deferring capital losses into 2023 and using them to offset capital gains in that year, yes, you can typically carry forward unused capital losses from previous years and use them in future years, even if you had capital gains in those previous years.So, if you choose not to use all of your capital losses from 2022 to offset your income in that year, you can carry forward the remaining losses to 2023 and use them to offset capital gains you expect to have in that year.
Terrence Smalls New member seeking connections
15 April 2024 | 4 replies
I am a licensed real estate agent, investor, and emerging developer.Looking to connect with like-minded individuals interested in exploring opportunities to collaborate. 
Alecia Loveless ROW Problem Please Advise
16 April 2024 | 3 replies
If it’s allowable I’m planning to send him a cease and desist letter to get the heck off my property unless he’s using the ROW for some form of access.
Nate Mur Rent land for camping
16 April 2024 | 1 reply
There would be room for about 10 tent sites that would allow use without seeing anyone else. 
Jake Smalley (Please Read) - Creative structure required involving Trust and family sale
17 April 2024 | 3 replies
She will get each beneficiary to sign off on allowing this to happen, lessening their inheritance cash-wise but keeping the family in a home.My idea is that the trustee daughter could purchase the home, but could do so instead through a sort of owner-financing where the Trust finances the asset to her directly rather than buying it in full at great cost and taking out a mortgage on an already paid for property:- Property is in Trust and is fully paid off,- Trust finances the property to Trustee for closer to market value, and payment can still be set at 1500- No/less down payment required- Any interest rate, maybe 0- Tenant family makes rent payment of 1500, which pays off the property and pays into Trust- Beneficiaries' % share accrues gradually as payments are made- Set future balloon payment if necessary (if Balance required at a certain time, for college, etc.)This would decrease the out-of-pocket cost for the Trustee purchaser, and increase the amount that each beneficiary will receive (eventually).I have no Trust experience, though, and I'm hoping to hear from the experts.
Adam Querbach Building a Tri-plex in Texas - W
16 April 2024 | 6 replies
I met with the county permitting and zoning office.Outside the city limits, minimum lot size is 0.5 acres, so they will not allow a whole new structure, but they will allow a casita/guest house.But they told me that if they approve that, I would technically not be allowed to rent them as separate residences.However, that is due to being on septic. 
Toby Copeland Avoiding Property Tax Reassessment
15 April 2024 | 4 replies
Prop 19 I believe will allow rebuild without triggering any reassessment of value.  
Anika Maldonado Looking to connect!
15 April 2024 | 3 replies
Im quite green to wholesaling and investing and am looking to learn, grow and possibly connect with knowledgeable individuals with whom I can possible work with at some point!
Jeremy Anan Seeking Advice on Structuring Seller Financing
17 April 2024 | 8 replies
Additionally, we may include clauses allowing for mortgage assignability and a balloon payment extension if the property fails to appraise for a specified price upon balloon expiration.Find below the 3 single-family seller finance deals that have done so far. 1st Deal breakdown: Purchase price: $330,000 Loan amount: $305,000Monthly payment (P&I): $1,181.55/mo40-year amortization at 3.5% interest rate20-year balloon paymentMarket Rent: $2,100/mo__________________________________________2nd Deal breakdown: Purchase price: $200,000Loan amount: $175,000Monthly payment to seller: $500/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,200.Market rent: $1,750/mo__________________________________________3rd Deal breakdown: Purchase price: $175,000Loan amount: $160,000Monthly payment to seller: $437.50/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,400.Market rent: $1,500/moFeel free to reach out if you have any questions!
Jason Eisert Need Advice: How to Increase Bookings for Unique Luxury Hawaiian Mansion
18 April 2024 | 46 replies
only allowing 1 or 2 months ahead will not work.