Hello,Long time lurker, first time poster. I am quite interested in investing in small multifamily rental properties in Western NY. I have a lot of little questions about specific details, but the general plan is as f...
My husband & I bought a 4-BR home for $75K cash in 1988, and over the next 15 years put $50K+ into improvements, including construction of a detached home office. We took the home office deduction for several year...
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?
Gang,
I have a rental property I am planning to sell. I'm expecting to clear between $38k and $45k. I have owned it for over two years. What percentage should I be setting aside for tax purposes?
Has / does anyone of the BP members or someone you know use / used it? Just wanted to get some opinions before I purchase the software. Its seems like a good buy that would assist REIs in all aspects of the busine...
Hello,I will start by saying I have a call into our mortgage lender...My husband and I are going in on a duplex with my parents who are downsizing. The plan is for my parents to live in half of it for a year while we ...
Thank you for your help!
Q) If a person lived in residence for 10 years, paid the property completely off, and wants to move to another state,
Does the basis include the interest and repairs on the home?
Also if t...
I’m creating this post here more as an experiment to see if this strategy I’ve been pondering would actually work. So I’m a newbie to real estate investing and don’t have a whole lot of money which I’m sure a whole lo...
Hello all,I've started a joint venture with a friend and we are very interested in investing in the Atlanta area. We actually already secured a property last weekend after visiting for just 2 days. My cousin lives in...
What will it cost me in capitol gains taxes to sell my SF rental?