If an unmarried couple wants to buy or build a fourplex, should both of them be on the deed? Who would be allowed to claim the rental income? Let's say one spouse works and earns money, and the other spouse doesn't wo...
Hey All, Thanks for taking the time to read into this. I am selling my first home (previously owner occupied) in about two months and would like to utilize a 1031 so I can defer roughly 72k in capital gains. I know I ...
New Landlord, and considering a bedbug clause to the lease. Heard it is something good to get into the lease, and that tenant pays if they bring in bed bugs during their lease.Does anyone have a clause that they are ...
For context: I have successfully "flipped" three houses in the past 7-8 years, all of which were my primary residence. I'm about to receive the contract on a SFH in NY state (buying outright with cash) with the plan t...
Hey there! What do you think about crypto wallets linked to a bank card? As far as i understand tax authorities don't know who conducts transactions with cryptocurrencies, to what extent and for what profit.
I have a few properties here in Brantford, Ontario but am very intrigued with the U.S. I'm also looking in my own city for deals but with house prices skyrocketing Its becoming harder.I have been reading up on the tax...
I made an offer on an REO (bank never responded, so we were planning to resubmit) and then the agent discovered an inspection report that shows evidence of termites.
Has anyone here ever just lowered their offer amou...
If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
If someone has 20 multi families buildings (around 100 apartments) that are currently held on several LLC's. How can he 1031 to other properties? Since those LLC's are all independent entities and each building has it...
We have successfully made a deal on an REO home, but have some questions on a 1031 exchange for it. The idea is to take the home (purchased for $50k), put $15-20k into it and sell it for up to $100k. 1) The purchase...