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4 March 2016 | 5 replies
I am definitely needing mentorship, in hopes to gain enough courage to finally stop torturing myself and begin my dream.
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3 March 2016 | 29 replies
This kind of thinking is emotionally based and does not take into account affordability, price/rent ratio, net present value or other rational factors.Per The Economist, "If you take the 24 years covered by the US data and divide them into three, then the average house price gain when real rates were high was greater (at 2.25%) than when real rates were low (1.7%)".So how does this play out in a long term negative interest rate environment?
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25 October 2016 | 17 replies
To all:I recently finished a flip, after it was done I had a friend who saw what we did told her sister (who apparently is in the market for a new house this summer) and now the sister wants me to do the same for her....
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6 March 2016 | 11 replies
I have been gaining more and more interest in the idea of investing real estate, particularly multi family properties.
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14 March 2016 | 3 replies
It becomes hard to prove to the IRS what is inventory and what isn't.If there is more than one shareholder of an LLC it is taxed as a partnership UNLESS you are in a community property state.You need to understand that an LLC DOES NOT EXIST as far as the IRS is concerned: http://www.biggerpockets.com/forums/12/topics/7605...You can flip in a C-corp or s-corp and then distribute the income or even loan from there.Personal Holding Company Tax (PHC Tax) is a 20% tax on a corporation that holds passive based income that GROSSES more than 60% of the income.C-corps have NO CAPITAL GAIN RATES.Here is a thread on Real Estate in a C-corp and trying to get it out: http://www.biggerpockets.com/forums/51/topics/1057...
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1 March 2016 | 4 replies
2) My understanding is that as long as I return all the profits back into the Roth IRA I do not have to pay any capital gains tax (or any other tax), correct?
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5 March 2016 | 20 replies
Matt Gaines Best advice I can give you is for you to find a good turnkey company from referrals from actual investors who have actually used them, and actually own property in that market.
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2 March 2016 | 37 replies
J Beard I intended to keep it for 2 years at least to avoid any capital gains taxes.
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1 March 2016 | 0 replies
The property is still considered a primary residence by the 2-out-of-5-years rule, so I will only owe capital gains taxes on recaptured depreciation.In 2015 I made a profit and will depreciate that year up to the limit.
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8 March 2016 | 2 replies
Hi All:Just wondering what others on here would do?I'm looking to perform a 1031 exchange for a single family home that I've owned for 3 years for a duplex and I've come across some bumps, mainly financing bumps. I h...