Mark Choi
capital gains tax question for a NJ resident sells a NY building.
Hello, everyone. Could you please help with a capital gains question?Owner: 70 yrs-old, New Jersey resident, annual income $70,000 - married.A 2-story building with 1 store + 1 apt in New York purchase price $10.00 i...
Matthew Thomas
Looking to make connections with people in Virginia
Hello everyone, I'm an engineer in Richmond Virginia. I have some investment experience in stocks and cryptocurrencies but the volatility and risk involved in both have motivated me to look for other ways to invest, s...
Jonn Vidal
2Fam Buildings Taxed as 3- & even 4-Fams for for Decades (NY)
Why is it that so many R4-1 zones (which allow only 1-2 fam bldgs) now advertise 3Fam buildings for sale in them?and conversely,so many 2Fams have been taxed for decades as 3 and even 4 fams when you check the tax rol...
Inna Young
How the building assessment rolled into the sale price increased the property taxes
Our condominium building, comprised of 36 units, located in Broward County, Florida, underwent a substantial assessment in 2021. The owners of two-bedroom units were required to contribute $72.5k, while one-bedroom ow...
Reese Shulman
Strategy to build equity & avoid capital gains tax leveraging a personal residence
The article below is an informative summary of how a personal residence can be leveraged to lower the barrier of entry into real estate investment.https://www.businessinsider.com/live-in-flip-avoid-capital-g...
Malik Javed
Maximizing Tax Savings with Cost Segregation: A 6-Unit Apartment Building Case Study
If you're a real estate investor looking to maximize your tax savings and boost cash flow, cost segregation might be your secret weapon. Here's a case study on a 6-unit apartment building that shows just how much you ...
Andrew Giunta
What tax benefits do I get if I buy and fix an abandoned building
I am looking at an 8 unit abandoned building that is dirt cheap and it is completely boarded up. I would be fixing everything and then renting out the property. I read a while ago that there were tax benefits to resto...
Zach Helms
Tax Advice: Building a home but need to sell due to job & health
Purchased a lot and have been building a home for my family for over a year. I relocated jobs to be closer to the new location (2.5hrs away from previous location; St. Louis to Camdenton, MO). Home is getting closer t...
Tyson Begly
Alabama tax certificate - risk of building new house after city demo of old house
I have the tax certificate for a house in Russell County. The house is condemned and the city is going to demolish the condemned house in the next 6 months. I won't be able to convert my tax certificate into a tax ...
Scott Albritton
Owner's Step up in Tax basis is his reason for not selling apartment building.
Hi All,
I hope you're having a nice weekend!
I currently live in an 8 unit apartment complex here in San Diego, CA. And I want to figure out a way to buy it.. It's currently under market rents, needs some updating...