I am selling a flip and expecting a 40k profit. Here's what I want to know:Can I do a 1031 to acquire a property for 130k, using the full 40k for a down payment. Then pull 70% of that back out via refi without having ...

Hey BP community, I’m trying not to lose my mind here. We had tenants for 3 years move out recently in Virginia. The place was really gross- mouse droppings, damaged and moldy drywall, a broken window, termite dam...

Hello All!

What are your thoughts on holding flips for just over a year to be able to take advantage of the capital gains tax (vs selling in under a year and being taxed at your ordinary income rate)?

Many people h...

Hi,
Looking for some advice on a rental property I have, there are 2 brothers on lease and have been living there for years. Never any issues with them. This week one of the brothers came home and worried about the o...

This is an old question and I think I've dug out the ugly answer, but let's see if anyone has more insight.I purchased and have lived in a duplex for over 2 years.  The property has a single tax treatment and single t...

The first question is what percentage of tax do I pay on a home that I flip within 1 yr?what percentage after the 1st year. I believe that the capital gain tax does not apply on a sale after 2 years at the primary...

Hey All,My parents are going to sell their primary residence they've lived in since 1984 in a suburb of Boston. It's a triplex. For the sake of simplicity I'm going to round the numbers. They bought it for 100,000 and...

The past couple months some friends and I have been trying to get a start in real estate investing. As we are still in college we thought that house hacking could be a good way to get started. I'm posting this to get ...

I am in process of selling my primary residence. With the change in the market it has been a much slower process. An opportunity has presented itself that’s a different approach, in which I would need to do a seller ...

At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...