Jim Fell
Lease Option in Illinois
I'd like to purchase a duplex to live in one half and rent out the other, but being in Chapter 13 BK makes it difficult. That's why I'm thinking that perhaps I could do a lease-option purchase:Lease - I would lease t...
Marc Andrew
Unique capital gains question
I have an interesting question: I've been thinking about selling a duplex I've owned for 6 years or so. I have moved in/out of it several times, and depending on which unit had a lease, I'd move into the vacant side. ...
Justin Robinson-Howe
Live in flip that was also a rental
Hi all!
Few questions here. I recently purchased an investment property from a family member and am just trying to help them out with capital gains tax now. The caveat there is that the property has 4 dwellings and o...
Josh Buchanan
Looking for financing for 10 single family rental purchase
Looking for options to finance 8-10 single family long term rentals from an individual. Total purchase price of around $550k. Properties appraise for around $625k. I can put 25% down but a large portion of that is fr...
Steve Swanson
0% Cap gains on sale of long term rental?
I'm curious what the capital gains will be on a rental that I have held for 2+ years. I am married filing jointly & will have gross income for 2017 between 90-100k, but with 401k and IRA contributions could get t...
Jonathan Carpenter
Our first fix and flip
Investment Info:
Single-family residence fix & flip investment in Whitefish.
Purchase price: $267,000
Cash invested: $150,000
Sale price: $525,000
Purchased from online auction with minimal i...
Jonathan Carpenter
Our first fix and flip
Investment Info:
Single-family residence fix & flip investment in Whitefish.
Purchase price: $267,000
Cash invested: $150,000
Sale price: $525,000
Purchased from online auction with minimal i...
Jonathan Carpenter
Our first fix and flip
Investment Info:
Single-family residence fix & flip investment in Whitefish.
Purchase price: $267,000
Cash invested: $150,000
Sale price: $525,000
Purchased from online auction with minimal i...
Jonathan Carpenter
Our first fix and flip
Investment Info:
Single-family residence fix & flip investment in Whitefish.
Purchase price: $267,000
Cash invested: $150,000
Sale price: $525,000
Purchased from online auction with minimal i...
David C.
Used 1031 for purchase, Can you still Refi-Cashout tax free ?
The point of a 1031 exchange is to defer tax payment on a property until future sale. That being said, what does this mean for refinancing-cash out in the future? Can you still do this?In other words, if you refinan...