Hello Everyone!I plan on selling my single family home and purchasing a two family home in order to help with expenses. I purchased my home for $340 and it is now worth about $400. Do I need to invest on a property th...
I can't say enough times how much I LOVE Bigger Pockets and the fact that I have a place I can come to and ask these questions without having to weed through articles on google from potentially unreliable sources. I n...
Hello BP!
I have a tax question I'm hoping to get some insight on so any advice would be very much appreciated.
My wife and I are currently selling our home in Denver, CO. We have lived in the home for ~2.5 years. W...
Trying to structure a deal, but wanted help to answer a question. If a wholesaler was to buy a property. Would the owner have to pay property Gains? The reason I ask this. My girlfriends aunt owns a duplex and is thin...
Hi everyone,I am looking to get a CPA to help me calculate how much capital gains I will owe on a property that has already been sold. I live in Canada and sold the property which was located in the U.S., and want to ...
I’ve sold some stock this year to position myself ready to purchase my first multi family property. However, I haven’t found property yet. Does the capital gains hit by the end of the year or 12 months from the time I...
My wife and I have househacked our basement on-and-off for more than half of the five years we’ve lived at our home. Now it’s time to move. We may keep it as a rental. Or we may sell. The complications of capital gain...
I was wondering if you pay capital gains tax when you wholesale. Interested in getting started soon. Thanks.
What amount is considered income on house flipping for tax purposes?I purchased a home for cash-no mortgage for 25k put 25k in repairs in and sold for 79k, net 71k. How can I defer or decrease the taxation on income. ...
My wife and I co-own a house with our adult son. the house is our son's primary residence but not ours. We are selling the house and would like to avoid capital gains taxes. Does the fact that it is our son's primary...