A friend of mine is looking into doing a 1031 exchange on some property; however, he's getting some conflicting info on one aspect of it so I thought I'd ask the experts here.
Here's the situation:
He is selling som...
I'll be honest, I'm somewhat of a beginner / novice with real estate investing. My wife and I own 3 rental properties that we purchased between 2010 and 2014 and we'd like to make a move towards releasing some of the ...
ran into a REI investor yesterday and we got to talking about his rental properties (that he apparently sold). he suggested that the last one he sold, was originally converted from a primary residence.his calculation ...
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Does it make sense to do a cost segregation on an owner occupied house which about 70% of it is being used as AirBnB? The acquisition price is around 1.1M.
mortgage interest payments can or cannot be deducted for a taxpayers second home?
Does anyone know if a Lease Option contract would trigger a sale and tax payment for a property held as a 1031 exchange property? Thank you. David Gorman
I purchased my CA home in 2011, and it now it is worth roughly double. Of course, the property tax basis is still what I paid for it back in 2011.We are considering building a large deck in our back yard that we woul...