Will Lee
Converting House Hacked Primary Residence into Rental
Hi Bigger Pockets family! Thank you all for any input in advance as I have been soaking up information these past few months. I have house hacked my primary home in Orange County, California for the last 5 years. I ...
Derrick R.
Nevada LLC in revoked status...best course of action
I set up a Nevada LLC back in November of 2013 through LegalZoom but neglected it, so now it is in revoked status being that I did not file my Annual List and State Business License forms. I know, bad form.LegalZoom, ...
Terry N.
1031 Exchange - Exchange for propety of lesser value?
"Property" not Propety...Sorry if this is a redundant question. I seriously searched for answers to similar question. I have a SFR that I've purchased in 2008 for $250K. After repairs It will likely sell for $400K....
Wylie Freeman
Best way to get around short term capital gains
I have a client that sold his land and would like to use his 1031 exchange to buy his mothers land. She bought it less than a year ago in September. Is there a way we can work around her paying capital gains?
Reggie Maggard
how much does real estate save on taxes
when planning a purchase is there any way to factor in tax savings?
Noel R.
Tax savings through neg/break-even invest property?
Payed an arm and a leg in taxes this year (I know not a bad problem to have) and want to reduce the cost next year. If I purchase a property which will break even at best and possibly cost me a bit can I make up the d...
Zana Blue
I Saved $928 By Paying My Taxes Early
To me that is real money...if we pay property taxes early in November we save money ...then a little less in December ...January etc...till you are paying the full amount with no savings in March ...not sure why anyon...
Ray M.
Overpay for Grandma's house to save on Taxes??
Is it possible to overpay for Grandma's house and have her gift the difference back to me?For example: Say the house is worth 100k, I pay 150k cash for the house with a plan to fix it up and flip it in a few years. Gr...
Andrew Erickson
Best way to realize owner occupied tax savings?
My wife and I own a condo in San Diego. We are planning on upgrading to a "real" house soon when kids come. We are going to hold onto our condo when we move. I see that we don't pay capital gains if we have lived in ...
Tyler Jordison
"First-Time Homebuyer Savings Accounts" Tax Deduction Question
Hey All, I just learned about something called a "First-Time Homebuyer Savings Accounts" that Iowa offers. This is essentially a tool to get the younger generation to move from renting to buying by offering a tax dedu...