John Bradshaw
1031 exchange and seller financing 20% down payment.
Doing a like kind exchange and seller financing 20% down payment for buyerMy question is- as the buyer pays the 20% back will there be capital gains tax on that? Is there a way around it?Thanks!
Chris Bingham
No tax when selling if primary residence 2 of past 5 years?
I always believed that the rule was that if I owned and lived in a property as my primary residence for 2 of the past 5 years that when I sell it I would not need to worry about paying federal taxes on the gains if it...
N/A N/A
How should i persue this...
Hello everyone.
I'll try to make this simple and easy in hopes to getting an easy response. I just started real estate and I have this client who wants to sell her home in California. She bought the house 12 years ...
George P.
Being flagged as a 'Dealer' by IRS - for this strategy?
Business entity - one member LLC
Strategy: contract assignment and contract assignment with short-term (one year or less) financing provided by the entity to the end buyer/rehabber.
...
Louis Schmidt
Michigan Primary Residence Rental Taxes
Hello!
I currently live in Michigan and am looking at moving out of state. I would like to keep my current residence and rent it out. Is anyone familiar with how the taxes work on that? Obviously my taxes are homeste...
Kate C.
Cash out refinance primary THEN make offer? or sell primary?
Hello, Thank you in advance for your time. We would like to move to a new town and make an offer on a home. We have almost paid off the 15-year mortgage on our current home. Is there any general "rule of thumb" for ho...
Paolo Dorigo
land trusts
I am selling a property that i currently own under my LLC. I found a cash buyer. i now want to transfer title from my LLC to a land trust, then assign the beneficial interest to the new buyer. I need this to happen w...
Thomas Mehi
Advice for military member selling long term rental
I was just recently introduced to BP and just in time too as I am selling a house I have owned for 13 yrs. It has been rented for the last 6yrs. I know because I am military I only have to of lived in it for 2 of the ...
Shaun Inniss
Acquiring cash flowing properties through IRA
I’m a new investor who just opened an self directed IRA. Any suggestions on the first steps to acquiring properties via my IRA?
John Irvin
Thoughts on using CARES Act 401k withdrawal for rental purchase?
I tested positive for COVID a few weeks ago. Thankfully had a mild case.I was reading that if you test positive, you qualify to take up to $100k out of your 401k without the 10% penalty. If you pay back within 3 yea...