Ian Middleton
1031 Holding Period
2 March 2024 | 6 replies
Hi Ian, Because 1031 exchanges are a method of tax deferral, not tax avoidance, you will need to go back and look at the original property's "basis" when estimating your capital gains tax.
Alexandria Garreau
Interest rate increased on rental - I have a few options
1 March 2024 | 26 replies
Tenants pay $2350/mo and after the rate increase, this no longer covers mortgage/taxes/insurance.
Keith Goepfert
Minimizing Capital Gains when Selling House Hacked Property
2 March 2024 | 4 replies
If one is renting out a percent of their personal property, that same percent of the profits will be subject to capital gains tax at the time of sale.
Mike Dumas
Tax and Wealth Strategy
29 February 2024 | 18 replies
"Legacy Wealth + Tax Strategy of 2-30 years" aka which means nothing.
Alberto Nikodimov
Navigating Seasonality in the Short-Term Rental Market in Florida
1 March 2024 | 3 replies
On the other hand, in high season, we keep our prices high at premium and we slowly start reducing them 3-5 weeks prior to the check-in.
Michael Ablan
Short Term Rentals to Traveling Nurses
4 March 2024 | 30 replies
Since then we've had nurses and doctors and such book directly through Airbnb or start the request through Airbnb and then we went offline and signed a lease without paying fees and taxes and such to Airbnb.Does anyone have any experience with other sites?
Josh Haney
Real Estate license and how it relates to personal investments
3 March 2024 | 36 replies
I can prepare a tax return but I hire an accountant because they are experts.
Robert Burns
Finding Wholesale Properties!
3 March 2024 | 6 replies
Not sure if interesting, but my buddy just launched a tool to help find off market properties across the US based on tax delinquencies, probate, pre-foreclosures...etc. the moment the information gets published from the municipalities so you're the first call/email the owner receives.Happy to connect you to him if interesting!
Phillip Behrens
Transfer title of properties to LLC in PA
2 March 2024 | 16 replies
Transfer taxes in PA are no fun.
Julio Gonzalez
Historic Tax Credits
29 February 2024 | 6 replies
Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.When rehabilitating or investing in the rehabilitation of an eligible historic or non-historic building, you may be able to take advantage of one or both of the historic tax credits: 1) Historic Tax Incentives and 2) Historic Preservation Tax CreditsYou can receive a federal income tax credit equal to 20% of the costs associated with rehabilitating the building.