We are in an odd position if this tax reform to the capital gains for primary residence gets passed as planned. We've owned our primary residence since October 2014. Since we had over an acre of land we had it surve...
Hey BP. I just wanted to share a little story for maybe some newbies to be aware of:I bought my current residence from a guy who had been living there for 20+ years. He had filed homestead, and thus his property value...
Hey guys,I asked two different CPAs this question and got two completely different responses so I figured I'd turn to you smart folks at BiggerPockets lol.If I invest in an out of state property but live in another St...
Hello Bigger Pockets!I am looking for suggestions on CPA's with Real Estate investing experience in Wyoming. Who have you had success with?Thank you!
I am selling my str but i want to leverage the gains without getting tax hit. Which one would be more beneficial, to do 1031 exchange or buy fixer upper or rehab house?Thanks for your advice in advance.
Hello Folks,
I have an SFRs, not thru LLC. I did Airbnb and I got $8000 negative, This was managed by me actively. My tax guys sayst that it cannot be treated as active. so cannot be deducted from my w2 income. Any...
Can anyone recommend an accounting/bookkeeping software that's not too expensive? Currently I just use excel since I don't have an extremely tedious amount of expenses at the moment, but since I'm getting ready to ge...
I need assistant or advise on the feasibility of one of my crazy ideas. Or what seems crazy to me.
Is it legal to create a 501c3 organization to buy investment properties and rent them out at fair market value?
Ess...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $215,000
Cash invested: $20,000
Sale price: $435,000
my first ever rental purchase. Rode the equity wave- had ...
Can a family member owner finance me a home with 3% down and 0% interest on a 6 year term? She was told by her attorney that it has to be at least 5.1 interest rate