Jay Gibson
Gift of Equity and tax implications
I am purchasing a house from my parents under market value. FMV is $450k. My parents need to net $310k from house once everything is done. The lender is suggesting a sales price of 450k and a loan amount of 326k with...
Pierre Van den Berg
Swapping lots - legal and tax implications
Hi, I would really appreciate it if someone can give me advice on the following: - I am a South African and own a lot in Georgia, USA. My neighbor needs more priva...
Peter W.
Tax Implications; Cash Flow or Amortization
I've never invested in investment rental properties and I have a question. I am buying a small multifamily unit for $1.535mm and will put down 30% and borrow 70%.If I finance purchase with a 15yr fixed my monthly pay...
John Jarvis
Seller Credit at Closing - Tax Implications
Hi All,I bought a rental unit in 2014 where I negotited a seller paid closing cost credit (fixed dollar value) at closing. I am going thru the HUD-1 now figuring out what can be added to basis etc and I'm not sure how...
Collin Argue
Tax Implications of Changing State Residency
I will be relocating to Florida later this year as part of my active duty military service. I am currently a Wisconsin resident, but I plan on becoming a legal resident of Florida to avoid paying income tax in the fut...
Brian Phillips
1031 Utah to az tax implications
I'm selling a prop in Utah and wanting to 1031 for s prop in az is anyone aware of Utah state tax implications of doing this?
Neha Wadhwani
Texas Trustee Sale - property tax implications
Hello,I am newbie investor and I recently purchased a property at the trustee sale (auction) in Texas in Oct 2014. Am I supposed to pay the taxes for the entire 2014 calendar year or is there a prorated path for deali...
Carl S.
Seller tax implications when Owner Financing
Hi AllI'm looking for clarity on the tax implications for a seller when owner financing. The seller I am dealing with only has one reservation on carrying a note and that is the tax implication. The details are as fol...
Ronald Thompson
Crowdfunding in Equity Investment - Tax Implications?
I am told that when investing in crowdfunding equity investments, you are issued a K1 document at the end of the year for taxes.What are the tax implications when investing with taxable money vs money from a SDIRA?Are...
Arianne L.
International lending - tax and legal implications
Hello BP community! I have relatives who have expressed interest in becoming private lenders for our real estate business. The complicated thing is, they are based in different countries. Australia, New Zealand, Saudi...