Steven Barr
1031 exchanging for cheaper properties
Hi BP-If I take 4 homes that are all valued at $250k and sell them (say I have 20% equity), I would then have $200k (don’t worry about realtor fees, closing costs, etc for this example)Could I then do a 1031 exchange ...
Miguel Hernandez
Do I qualify for any tax benefits?
Hello BP members. As the year comes to an end I’m happy to say I am 95% done with my first BRRRR deal. It is an out of state duplex.
I always hear people say that buying real estate can help decrease your taxes. Curr...
Cj McDougal
Monetized Installment Sale
Does anyone have experience with the Monetized Installment Sale approach? and or TaxWealth.com?
Thanks
Stephen Lyons
Stocks to Real Estate
I have created a substantial amount of capital through the stock market and want to transfer to real estate. I was wondering if anyone knew if there is a way to transfer without paying capital gains tax. Is there an e...
Oscar Chirinos
Newbie Investor Needs help on 1031 Exchange
Good Evening BP Community.First of all thank you so much for all the information you guys provide on here, is really awesome!I am puzzled as to what my options are or on how my exchange would work?One of my properties...
Hudson Walker
1031 exchange old owner occupied home
I have a question about a future 1031 exchange my fellow BP’s. Currently live in a owner occupied 5% down conventional loan home. I’ve own the home for a year to date. I want to buy a new home to do a live-in flip and...
Robert L.
How to record my owner financed note?
I wholesaled a property and charged an assignment fee of $5800.I took back a note and my buyer is paying me $300/mo a month until the note is paid off.My bookkeeper is having a very hard time how to record this in Qui...
Steve S.
Opportunity Fund or 1031 Exchange: Which is better?
The 1031 Exchange has been one of the most tax efficient investment vehicles available to real estate investors for many years. However, with the creation of Opportunity Funds under the Opportunity Zone program, the 1...
Eric C.
Form 8824, 1031 Exchange, Deferred Gain Amount
On 8824, Line 24, Deferred gain amount. Is this amount the tax I would have owed if I just sold the property and didn't do a 1031 exchange ((ie. capital gain amount + depreciation recapture) - (closing costs and fees...
Jim Smith
Solo 401k Roth and Traditional Funds Accounting
I am new to bigger pockets and currently setting up a checkbook solo 401k plan with the intention of investing in real estate.One point of confusion is how to account for Roth and and traditional funds in the bank acc...