Daniel C.
Tax implications for husband/wife starting in rentals
My wife and I are finally getting started with rental properties after months of research and a lot of property hunting. We're going into contract on two duplexes, with one in her name, and one in mine, for financing ...
Bill Exeter
The Housing and Economic Recovery Act of 2008 Amends Section 121
The Housing and Economic Recovery Act of 2008 includes a provision that modifies Section 121 of the Internal Revenue Code, which is often referred to as the 121 exclusion.
The 121 exclusion allows a homeowner to ex...
Eric Martin
First Live-In Flip Complete! How did it turn out?
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $111,611
Cash invested: $30,000
I'm excited to share the before and after photos of my latest real estate flip! The...
Eric Martin
First Live-In Flip Complete! How did it turn out?
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $111,611
Cash invested: $30,000
I'm excited to share the before and after photos of my latest real estate flip! T...
Chris Coleman
SE Tax issues of adding spouse to LLC?
What are the SE Tax implications of adding my spouse to my LLC? Here's my scenario: Right now, all of our income comes from my employment salary, and from investments (rental income from RE and Stocks). My income is...
Mike Nelson
New Member from Chicago and Oak Park
I am a new member to BP - great forum! I began investing in 1987 when I purchased three two-flats on the same block in Wicker Park. At that time the neighborhood was very rough, with gangs, etc. Being an architect ...
Brian Beck
New Member from Bay Area California
I am joining this community as one of my first steps in Real Estate investing. My only Real Estate experience is being a home owner. My hope is to produce enough revenue that my wife and I can quit our W2 jobs. At ...
Jason W.
Any downsides to investing in CF deals with an LLC?
Hi, I know that this is likely a "speak with your lawyer/CPA" type question, but I figured I'd give it a shot here in case folks have personal experience with this. I do plan to deep dive with my lawyer when it's time...
Dori Arazi
More than 500K in equity in primary residence?
What can you do if you have more than $500K in equity when selling your primary residence? Can you "1031" the balance or any other restructure to not pay tax on the gains?
Roshin Bhangoo
Buying First Property with Family--Need General Help
My brother is moving to Phoenix for a five year residency and my family is looking to buy a place that will serve as a long term rental investment. He will be living in the house for the duration of his residency. Loo...