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In October my wife and I are going to be buying my parents house in Milton Ontario. The house is worth about 950k but the mtg will be for about 640 as my parents are gifting the difference in equity which will also be...
When You do a lease option/sanwich lease you simultaneously "buy and flip" you sell your option and let your subtenant exercise it directly from owner, right? But, if I wanted to do a 1031 exchange to buy another prop...
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Hey everyone - first post here but have done a lot of research and reading. Hoping I can get some guidance with my question!I own a 3 unit commercial building that generates about $50K/year in net revenue. I'm self em...
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Looking for ways to turn this into non taxable cash or just purchase something to avoid taxes.I'm on my second 1031 exch but later found out that I can't use the funds to improve on already purchased land so I'm a lit...
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I changed some positions and now my brokerage account is showing a $30,000 capital gain for this year, any way to offset this? Either through an opportunity fund investment or by accelerating depreciation on my 4 unit...
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I ran across an article (I think it was CNN) that made reference to some change to the tax code that was included in this new stimulus bill. Something about a change to depreciation limits. The article framed it as ...
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Hello, new member here with a question about financing a flip. I'm giving myself a year to build my credit, save some money, and finish my personal home flip before I purchase my first investment property and tryin...
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Hey all, I find myself looking into a foreclosure auction at the courthouse. I know it sounds very dangerous for a newbie to start with a foreclosure. So I have been reading every topic about foreclosures and trying t...
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Hi BP community,I own a condo/townhouse in a San Diego beach town that has appreciated significantly since I bought it in early 2013. I would like to cash out the significant amount of equity in it to remodel my prim...
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Hey everyone,I'm an investor in real estate and some how at a loss for what to do with 20k... Lol this is more or less my emergency savings I've spent last 2 years saving and working 60 plus hours to get put up. I've ...