Hi,What would you do? I purchase a SFR (in El Dorado AR) paid cash and am finishing up reno that I also paid cash for. I planned on flipping it but given the market, would it be best to cash out and rent? I'm in about...
Hi everybody. This is a continuation of a thread I started last year about my neighbor screwing up my flip:https://www.biggerpockets.com/forums/67/topics/373...Well my flip is still on the market and I’ve had multitu...
I'm a new member but I have a CPA and Masters in Accountancy and Master in Taxation.I saw people posting about cost seg decisions and thought I would share some thing I had learned from others1) The cost seg savings m...
If I did two flips last year can I file both as capital gains or would I be considered a dealer and have to do a sch C? Both were held less than a year. Thanks
Hey Everyone,Right now is an exciting time for me. I'm diving into the adventure of wholesaling and am beginning to explore options to create my deal funnel. Along with this comes expenses and given that this is my fi...
Guys - I am a limited partner & invest in a multi-family building passively that was sold resulting in passive gains for 2024. There are some accumulated passive losses but not much. Can I sell some of my stock he...
Good morning everyone! I have a question in regard to transferring funds from an annuity account into my brokerage account. I am getting started looking at investment properties and I was thinking about transferring t...
How much ____$ do you pay when you get taxed by selling a property?
Hello, BP community!I'm starting my journey in the world of fix and flips. This would be my first investment property and I'd appreciate your input on this potential opportunity.I received the home evaluation report f...
Hello,Noob question on the potential tax benefits of real estate investing. My wife and I have W2 annual income (dual income family working for large corporations) that puts us in the ~30% marginal tax rate bracket. ...