I'm wondering what the tax implications are for the heirs of a seller who dies while carrying the note on a seller financed deal.For example, suppose a seller has a fully depreciated asset with a $50k cost basis from ...
Hello, I recently purchased my first property. It was in bad shape and needed some love and I’m a carpenter by trade so I did all of the renovations. It’s coming together great but I’m trying to figure out the best wa...
Hi bp members ! I was planning on listing my condo in December but have gotten a lot of feedback from some agents lately telling me to hold off and wait until spring to try and sell it. I have been living here for th...
I had significant losses from the stock market from stupidly selling at the wrong time. Most were held less than a year.
This year I am selling an investment property. I’m trying to decide whether or not to do a 1031...
I have a closing on 1 Sep where I will net $10k, then another closing for a property that I am purchasing for $45k on 16 Sept. My question, is it worth the effort and expense to do a 1031 for the $10k from the first ...
I am a real estate agent, I flip some properties in 2010. One of the property I bought , after the fixup I sold it as seller finance deal in 90 days. I need advice on if I may claim as a real estate professional or a...
Real estate investors will not spend a lifetime deferring capital gains tax by taking advantage of the 1031 Exchange to simply throw in the towel at the end of their “active” investment life. Logically, investors will...
What are the typical equity splits in Apartment syndications?
Hey there, I was just wondering, what are the total tax rates including self employment and all other taxes in NC on house flips? Thanks
Why I like investing in real estate more than 401(k)s.
Both offer tax deferrals, but here's the difference:
If you're making pre-tax contributions to your 401(k), then withdrawals = ordinary income tax.
With real e...