So I am in the process of getting a property under contract that is zoned as partially commercial. A small insurance agency was run out of the property, on the first floor. The property is in a completely residential ...
I have a tenant that didn't pay on the 17th of September and promised to be out as quick as they could move. They have moved 90%, but there's a bed and couch and wine cooler remaining. I know this because they left th...
I have a tenant that didn't pay on the 17th of September and promised to be out as quick as they could move. They have moved 90%, but there's a bed and couch and wine cooler remaining. I know this because they left th...
I would like to estimate the amount of capital gain taxes that will need to be paid for partial exchange for these assumptions:- Property sold: $800K, proceeds, $350K- New property (property A) identified and offer ac...
So my principle residence sits on 4 acres and I have someone interested in exchanging some of my unused portion (1-1.5 acres) for a rental property. My home and land is still under a mortgage and therefore, I have to ...
I have a client interested in having this fancy tub removed and instead of replacing with a new tub, redoing the shower and have it extend to where the tub used to be making it a large walk-in shower. What can she re...
Hi all! I had a question when I started doing taxes for my rental property for the year 2019. The unit was rented for the entire year. So here's the scenario.Total income from rental = $10,000Expense (including repair...
Hey All, I'm new to Bigger Pockets and starting to analyze my first deals. I came across a home that's on the foreclosure market for $89K. Somebody had started to renovate the project but it has a long way to go. I've...
I currently have $830K being held by a QI at API in California.
PROPERTY SOLD
Farmland, no loans or leans.
Sold for $830K
Cash Basis is $200K
CASH OUT
$250K for paper investments
$20K to pay off debt
LIKE-KIND PURC...
Hello, I purchased a distressed house with the intention of fixing it up. I've received some good offers on it before it's finished and am planning on selling. I purchased it in November of 2020. If I sell in Janua...