Vip Anand
Rental losses for accidental owner
Hello,I bought a new primary last year and rented my earlier home as I am able to cashflow $200 per month (this is thanks to 3% interest rate). If I sold the unit today, I will walk away with $100K in profit after age...
Gerald Maczuga
Selling rental properties
I plan to sell 2 rental properties in 2024. I heard that I can avoid paying capital gains on them if my husband and I make less than $94,000 combined. We are retiring in a few years and will likely make less than th...
Pat Wasson
401k from former employer
I am trying to determine if it is a good idea to cash out an old 401k (55k) from a former employer to use to invest in additional properties. Isn't the 10% penalty the same as a loan at 10%?
Moses Lin
Tax deductions that don't affect buying power
Hello! Tax question from a new real estate investor. Right now, I have a side business making 100k/year and two rental properties I bought this year that cash flow about $800/month. If I deduct all my actual expenses,...
Walter Wintermute
1031 Exchange or Charitable Remainder Unitrust?
I'm nearing retirement and considering what to do with a few rental properties that would net about 900 K, if I avoided taxes. I've owned both properties for about 20 years. I have been thinking it would be nice to re...
Rob Trufant
Advice Request for First Time Homebuyer Looking to House Hack in Pittsboro, NC
Hello everyone,I am fairly new to real estate and just graduated from college at 22 yrs old with a job in Pittsboro, NC, but have been listening to BP and Rookie for awhile now. I am currently looking at homes, some f...
Julio Gonzalez
Is cost segregation really worth it due to recapture?
One of the biggest arguments I see around cost segregation studies is the issue of depreciation recapture upon the sale of the property. Do the benefits of the cost segregation study outweigh the cost of recapture? As...
Geoffrey O'Brian
Contributing a property to LLC with deveoper triggering a 1099?
Hey all. I'm in California and am contributing my property to an LLC. Single member at first (me), then multi-member. There's a managing member who is the developer. We plan to build on my lot and my neighbor's lot.Th...
Angel Moreno
How do I use a 1031 exchange
I’m selling a single family home to my tenants and want to use he profit to buy my first duplex. How can I use a 1031 exchange to avoid paying taxes. Is this something I have to hire an attorney for? Also, does all th...
Ryan Underwood
Rented part of a primary residence
Sorry if this is in the wrong forum--
I rented part of my primary residence, like this:
2006 1/3 of it was rented
2007 1/3 of it was rented
2008 1/3 of it was rented
.etc
but I stopped a few...