Jake Knight
Tips for Property Owners During Tax Season
If you haven't already, you should be receiving your property taxes soon. I thought it would be a good time to hand out some pointers we often advise to clients on this:1. Understand Your Assessment: Review your prop...
Kenn Kipchillat
Handling Taxes with International Airbnbs
Greetings,I am an Airbnb host with properties located in Kenya, Africa. Airbnb issued me a 1099-K tax form, indicating I meet the threshold for gross rental proceeds paid by guests. This means I may owe US income tax ...
Pixel Rogue
Land-lording exit plan
Hello everyone,
Looking for a thoughtful exit plan from land-lording. Been at this business for 20 years and there is more to life than wearing maintenance and cleaner hats al the time. This was originally a 5 year p...
Corwin Hernandez
What if I don't account for expenses?
Hello BP, I just love asking questions and getting people's insight. So I have a friend who I try to explain some real estate things and he had a question. Being on Bigger Pockets, I've learned that you put money away...
Deanna Daily
Purchasing a home that does not reflect correct sq ft
Hi all!I am in the San Antonio market and hoping someone can help me with this question. I am looking to make an offer on a home that is listed on the tax records as a 1335 sq ft but upon measuring, it is actually muc...
Barry Zimmerman
Investor seeking diversification for retirement
Hello everyone - I'm nearly retired and looking seriously at real-estate to diversify some retirement funds out of the traditional financial markets by using Self Directed IRA(s). Buy and Hold / passive income proper...
Caleb Whitney
Short Sale and Capital Gains Taxes
How does this work? Are you forced to pay capital gains taxes when buying and retailing short sales? Seems that would eat up any profit. How are you getting around that?
Rodney Bentley
Using the "2 out of 5" rule on rented property.
My in-laws are considering selling their old home, now rented to us, in the next couple of years and we want to mitigate as much tax obligation as possible. If one of them was to use the property as a primary residenc...
James Galla
Assignment/Transfer of Income Stream
So what are yall's thoughts on this scenario:Imagine my wife and I own one rental property, jointly, in our individual capacities. If I gift her my 1/2 interest, terminating my right to that property, does that gross ...
Ilir Shkurti
Partnering in Flipping homes - how to exclud partner’s profit split from my taxes
Hi, apologies in advance if this question has been asked before. First some background. I am considering partnering with a friend, who happens to be a skilled builder/rehabber, on flipping homes together. We are consi...