David Roberts
Structuring partnership exith with cash buyout
Seeking guidance on how best to exit a partnership mid-flip and the tax implications I should prepare for.Detail and timelineI bought a duplex in January for cash - standard closing with the buyerIn May I let a partne...
Peter Lampione
Tax questions on Syndication exit
Thanks for all the great info on this forum. I found a few posts similar to what I'm looking for but couldn't find the exact answer so creating this post, apologies if it is fully answered somewhere.Trying to underst...
Joe T.
Clarification on short term vs long term capital gains
This may be a simple question for most of you, but for some reason I can’t seem to find the answer on google.Suppose, I invest $1000 a year into a fund, say, VOO. I’ve invested 10 years so far and put in the $1000 for...
Heissen V.
Subject-To Deal:What are the tax implications on subject-to deals
What are the tax implications on subject-to deals?
Does the seller require to pay a gift tax? Any capital gains? (Current market value - Original purchase price)
Shak Amir
Defer paying taxes on selling primary residence
Hi all,
A friend of mine is planning to sell a primary house he bought many years ago. He bought it for 400 and spent 100k on it and now it is appraising for 1.4 million. His total profit will be around 900k.
I thi...
Rohit S Bora
Sell rental to cash out equity or keep it long term
Hi there,I need some help deciding if I should cash out of my primary home turned rental property (located in Orange County, California) before I am on the hook to pay taxes on capital gains, and pocket the equity or ...
Spencer Keane
Capital Gains Avoidance
Hi all,I am currently in the process of selling a vacant lot owned by my LLC in Washington state. I have owned the property for about 2 years and will only make about $8k, but I was wondering if there is a way to avoi...
Joseph Varnau
Syndication tax question
Hi all, I am still fairly fresh and new to BP....but have searched for this answer and have not found it yet. This question is for anyone that has been a syndicate investor. It seems most syndicates have plans for s...
Mike Flora
Wholesale taxes
when doing a wholesale, either assigning or double escrow, we have the option to choose 3.3% of the sales price or 12.3% of your profit. I don't have an LLC and this is the state of California. Anyone have any other i...
Jared Trindade
Real Estate Market In Fayetteville NC
Lets talk about some market data for Fayetteville NC.For the month of November 2022 the median home value was $206k up 24.5% yoy, with an market time of 10 days opposed to 50 days this time last year. Hot homes typic...