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If you fully deprecate your property, then sell your property do you have to pay capital gains tax?
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Hello everyone, my name is Kyle and I've recently decided to begin investing in real estate. After finding myself on BiggerPockets almost daily reading through posts, I've decided to join!Long-story short, I've create...
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I'm a new to-be real estate investor and I was wondering if I will be able to write off travel expenses if I do not own a company.For example, I'm looking at purchasing a property outside my local market. I do not cu...
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I’m wondering what is entailed and what fees I would incur for a cash purchase without a realtor in NC. I know I will need a closing attorney but unsure as to what or who else would need to be involved. Could anyone ...
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If you buy investment property then immediately renovate before renting out. Can you write off any and all expenses incurred from the renovation?
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I’m looking at flipping my first deal. What do you do with the profit to lower the tax penalty? It will be taxed as regular income tax. Do you just account for that coming out if your profit margin?
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Hi! My wife and I are looking at buying our first investment property (in PA). We would like to include a good friend as a partner. We have similar investment goals and know that we should put everything in writing pr...
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We bought a property for flip last year and we have completed all the work last year but the house is still on sale. All construction expenses are incurred last year only but the house is still on sale. Should I be fi...
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Greetings BPs,
I've almost completed my first deal. However, I just asked the title company for a copy of the pre HUD-1 and it shows that the seller has incur some charges (e.g. title services and lender's title ins...
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Is there any difference in taxes if I report $20k net profit made with:a] 100% personal cash (savings)b] 75% borrowed and 25% personal cash?