Ralph McDaniel
How to Avoid Capital Gains ?
I listened to a BP pod cast last month and someone said if your business is to flip homes, you do not need to pay capital gains tax for less than 12 months. I mentioned this to my CPA and they were not aware of any s...
Minka Sha
Is this triplex worth it? Downtown Sacramento
Looking at a triplex near downtown in Sacramento. It's listed at 354,500. Now, when I do the math, I'm coming with a cash to cash rate of 7% with an offer of 330k but a cap rate of 3.3%. MLS: 14048301- What does it me...
Austin Stowell
Avoiding residential $10K cap in 2018
I am curious what tax strategies people are planning to use to avoid the $10,000 cap on deducting property tax on a primary residence.Has anyone considered quitclaiming a primary into an LLC and then renting that prop...
Ryan Martin
Qualified CPA Advice!
Hello All,
My name is Ryan and I've been running a STR on airbnb for about a year now. In Scottsdale and Arizona, you must file for a TPT license and file your state taxes monthly through the AZ Department of Revenue...
Lucy Bennet
lower my capital gains tax by raising my own realtor commissions?
I'll be selling my own investment property for $245k. I'm the agent representing both sides. My capital gains will be about $150k.I'm thinking about raising my realtor fees (ie 10%-20%) in order to lower my capital ga...
Jacob Edmond
All Columbia, SC BP members
We have our own forum category now. Who all is in the area and what types of investing are you into? I have 1 rental property in Summerville and just bought a home in Seven Oaks that I am currently renovating. I plan ...
Jack Brethauer
SC property tax strategy for out of state investor
Hi folks - South Carolina (Greenville, Spartanburg, Columbia, etc) looks like a great market for buy-and-hold rentals but the property taxes are prohibitive for out of state investors. By my research about 6% of as...
Peter Amico
Taxes on Puerto Rico sourced rental income
Hello. I've searched the forums and can't find this answer. I'm about to buy a 4 plex in Puerto Rico. What is the tax rate on rental income sourced in pr to a person who has primary residence in Florida? Is there a fo...
Willis Seng
Profits from flipping houses
I was just thinking, if I were to flip a house and sell it for 25% more, what would that get me in terms of profits, because i know tax takes a HUGE chunk from the sale. If I sold it for 25% more and tax takes out 25...
Scott McCord
Austin TX Market Tips - From a Local Agent
The Austin market is a tricky market for investors. Rents are good but property values are high and so are property taxes. Many new investors get into trouble because they don't consider the property taxes in their c...