John Mayer
Rent by the Room - Still possible after you move out?
I've read and heard a lot about renting out a SFR by-the-room after you've satisfied your occupancy term on a househack. I'm interested in hearing how others this is done well (preferably in the Denver Metro), and how...
Robert Hastings
capital gains on rental prop?
i paid 25k for a house in december of 2016. i was offered 59k today to sell. that's a 34k profit. does my effective tax bracket when i file with my wife, effect my capital gains tax in this situation? i'm not looki...
Tony Le Claire
Utilizing Roommate Rental Income
Good evening fellow BP'ers,
Here I am at 12:08 AM searching the depths and nether regions of Google and BP hoping to find some information on a question I've had for quite some time. I've tried searching various key ...
Jennifer Gardner
Capital Gains Taxes vs. Tax Write-offs for Home Repairs
Hi BP community,I know this is a CPA question but I'm hoping you can cross check my research. I'm trying to figure out how hard I'll get hit by pulling out 50k from my 1031x to make repairs on the home I'm trying to b...
Jimbo Rocks
Rental Real Estate Loss Allowance?
Our AGI is over 150K. I realize there are incentives to owing investment property but is there any tax incentive when you make over 150K? I can no longer claim my loss from rental properties. So is there a tax advan...
Moisees Gaspar
Wholesale Properties (1031 Exchange)
Can anybody help with a wholesale on 6 properties as well as a 1031 Exchange in the same deal? I'm in Washington State and seller is re-locating to Oklahoma
John Thomson
Finance BRRRR? Owner finance + rehab loan or single loan
I am looking to BRRRR a sfh. The numbers look good assuming I can negotiate the right price. I am certain I can get owner financing. The owner has 100% equity and is not living in the home. She is just paying taxes an...
Todd Kozak
Previous year passive losses offsetted by current year passive income?
Hello my fellow investors!I had losses on my rentals last year as passive losses (I'm not a professional real estate agent).I make $150k so cannot use them to offset my capital gains. This year if I have gains on my r...
Zach Kay
1031 on fist flip house
Just received a check for my first flip house and I haven’t cashed it yet because I’m wondering if there is anyway to take the profits and 1031 into a new flip house. The flip was sold in less than a year so my cpa sa...
Tariq Balawi
How to structure a flipping business with a partner
Hi,
I would like to start flipping houses with my friend and his wife. I’m a busy professional and will be financing the flips. He’s going to handle the rehab and his wife will handle buying and selling the properti...