I want to sell a piece of rental property in Colorado and buy more rental property in North Carolina. How do I keep from paying capital gains tax?Can I use some of the profit to pay down the mortgage on other rental p...
Hey all,Just wanted to get some feedback on a possibility with a current situation I'm in with the condo I'm living in and the arrangement I have with my parents.I currently co-own with my parents (tenants in common) ...
Hi everyone;
I'm a wholesaler who targets the Inland Empire area of Southern California. In this thread I'll share my day to day activities and hope to have a conversation with you along the way :)
Now to get starte...
I'm planning to BRRRR my next property. What are the limits for tax deductions during the rehab on this type of investment? The property needs $20k worth of capx and repairs but it's move in ready currently.
I read ...
I wanted to create a thread, almost like a miniature study/survey. I would like to field responses from those individuals on BP who have a relatively long history in REI. I am not going to set any criteria (investing ...
Most recently used them in Dec 2019 after not using for a while and the experience left a sour taste in my mouth. Maybe holiday overload. Should I try again?
Hello,
I currently have two rental properties that are both under my personal name. I did open an LLC, and my plan is to roll both of the properties under the LLC. Where do I even begin, and what is the benefit of d...
I've read a lot of stuff about real estate wholesale being illegal with out a licence. This is an excerpt from Havard graduate John T. Reed:
I suspect that much of what is advocated as flipping is really unlicensed br...
With last years taxes, I was able to write off my rental income down to zero through depreciation, repairs, hoa's, taxes, insurance, etc on my rental properties.Since I do not meet the qualifications to go to $-25,000...
Hi there,
I am in the process of purchasing my second duplex. It's identical to another one that I own right next door. I am currently charging 1350 / month and most of the renters are college students. I ...