Vincent J Brunori
Question? How to minimize capital gain and retire?
Question? Trying to purchase 4 properties (48units) from a long term investor who is looking to liquidate her portfolio and retire. They would like to finance the deal but would want to minimize capital gain. The sell...
Charles Joshua Stallings
Question on property taxes - Burlington County
Hi!
This is my first post, so I apologize in advance for my ignorance. I do not currently own any properties but I am looking to buy a multi in the near future. I have been using several of the methods of valuation o...
Jason Prendergast
Strategy for a 1031 exchange?
We have successfully made a deal on an REO home, but have some questions on a 1031 exchange for it. The idea is to take the home (purchased for $50k), put $15-20k into it and sell it for up to $100k. 1) The purchase...
Chris Hicks
General Excise Tax on Rental Income Hawaii
Hello All, Just trying to get some clarification on why HI has a GET (General Excise Tax) on gross rent. I have searched around with no answers. I understand that you have to pay taxes on rental PROFIT. But HI char...
Kevin Parnella
IRA as down payment for investment condo
Hi all,I Good afternoon. I love the board. I've been reading through the posts and have learned quite a bit.I am in the mortgage industry and know general guidelines. I'm looking to try and figure out ways if using my...
Shireen Y.
Taxes on a break even sale?
I sold my primary residence/investment triplex last August 2022 and purchased a property through a 1031 exchange. I used $250k (personal exemption for the primary residence portion of the sale) and then $250k (in the...
Kenny Caudill
Private lending taxes
Hello. I’m trying to figure out if private money is used for land flipping and when I sell and have the private lenders original loan plus interest. How is that structured via taxes? Would I just write off the origina...
Reed Meyer
Subdividing Individual Parcel
Does anyone know what the process is to split a property parcel into two?The property has one tax ID but two 3-unit buildings each with their own address on different streets (the property lies on a corner lot). Could...
Angelina Lee
First Post: From full time mom to Real Estate Pro- how should I become one for taxes?
Hello the Bigger Pockets community! Thanks in advance for your help on how to best navigate this next chapter in life to build long term wealth for my family and I. My main question is: what is the best way for me to ...
Jason Shepard
Ventura California Newbie
Hello,
I'm in Ventura County California, strange this isn't an option in the location field....
Currently reading Brandon's book and in research mode, browsing these forums and learning. My preference would be to...