Max M.
Closing costs on sale of rental (cap gains exempt)
30 April 2024 | 4 replies
I've seen conflicting information on when/whether these costs are deductible — most, including Pub. 536, seem to apply to the *purchase* of a rental property, and resources that deal with sales have focused heavily on either straight-up sales with capital gains taxes or on 1031 exchanges with deferred gains.
Ryan Fox
would a 1031 exchange save me much in taxes?
1 May 2024 | 10 replies
Your gain is your sales price minus your purchase price, adjusted for closing costs and improvements.
Michael Greer
Tenant adopting child
1 May 2024 | 7 replies
Hello,I have a property with a tenant that I inherited when I purchased the property..She is an older woman with adult children that, at one point, moved in with her without notifying me.We've got that all cleaned up, but now she is adopting a 2yo child.It's a noble act, but how does this effect me as the owner?
Peter Shah
Hold or Buy?
30 April 2024 | 6 replies
To obtain $200k worth of cash flow at current interest rates would require around $7M worth of purchased real estate in the NY metro region if they all had loans at their nascent stage.
Ben Gradert
Need help analyzing a deal
30 April 2024 | 0 replies
When evaluating such deals, when does it make sense to purchase a property that can be fixed and refinanced to maintain ownership, while also allowing for the construction of a duplex on the additional lot, thus maximizing the return on investment for both the lot and the property?
Katy Norman
Latest deal coming soon!
30 April 2024 | 0 replies
Purchase price: $460,000 Cash invested: $15,000 Currently flipping this home What made you interested in investing in this type of deal?
Luz Taveras
Moving from RI to AZ
30 April 2024 | 5 replies
Hi all 👋I'm looking to purchase my very first investment property in Maricopa County, AZ.
Alicia Marks
JV agreement signed- accountant says I can't use for taxes
1 May 2024 | 2 replies
The issue is at initial purchase.
Rigo V.
Rehab Financial Group
30 April 2024 | 2 replies
They offer a HML for 100% on rehab and purchase up to 65% of ARV on a flip.
Chris Farrugia
Email drip campaign ideas for people that join my Facebook group?
1 May 2024 | 2 replies
He'd send out photos, videos of some of this as well as where he purchased gear, bait, etc.