Hi I was thinking of whether I wanted to receive Credits vs a Price reduction for a property I'm purchasing in Long Beach, CA.As far as prop 13 benefits (for locking in Califonia property taxes) I could see a benefit ...
We are trying to sell a house and have an interested buyer, but because it is an investment home for him, the interest rate is undesirable, and almost too high to make it worth it to him. He has plenty to put down, an...
Can someone explain the tax benefits of real estate? I know what the 1031 exchange is, but don’t know the concept of depreciation and how that is a benefit to real estate investors. Any other tax benefits that you g...
Hi,I am a 26 yr old who has been diagnosed with a mental disability. Due to financial hardships my psychiatrist has advised me to apply for disability. All I want to know is if its possible to create any type of busin...
I've tried searching the forums, but couldn't find an exact answer to this question. Depreciation reduces the cost basis of your property, and has it's own, 25% depreciation recapture tax rate when you sell. So if you...
I have a property in Ft Lauderdale FL that is a STR. The price of the house has tripled. I am considering selling but do not want to pay the tax. I therefore considered doing a 1031 exchange yet the challenge is to...
Hi guys. I have lurked for a bit but have never posted. I want say thank you for all the great information you provide!! I have done 2 house hacks in the past and now looking to start purchasing multi family. My quest...
Is it possible to avoid paying capital gains if i get a life insurance?I heard life insurance has 3 benefits1. It pays you 6%.2. Your money is untouchable.3. Tax shelter
I'm closing on a new deal in an Oppurtunity Zone, as designated by the tax reform bill passed in late 2017. Are there BP folks that buy in these areas? Do you need to setup a fund before closing to take advantage of t...
I am going to be purchasing a property in an opportunity zone(Just realized a few days ago). The tax advantages seem very beneficial. Unfortunately, I do not have enough time to sell one of my properties in order to...