Hi all, I wanted to get some specific advice as I am planning for my sons (and future children's) future, and am trying to decide on what type of account to open for my son to start investing
I originally was drawn t...
My current primary was purchased in 2018 with a conventional loan. My intent is to convert my primary into a long term rental. I’m curious as to the strategies that are recommended to ensure I’ve covered all my bases ...
Hello,I'm a Licensee and I invest in RE with my business partner. When we buy MLS properties; Would it benefit us more to take the commission or should I decline the commission for the sake of lowering the purchase pr...
Hi! As an investor, what is the value of Cash out Refi vs Selling. I understand that I do not have to pay capital gains tax on a cash out refinance. So to that point, why wouldn't I cash out refinance, grab that equ...
Hi BP - I had a bit of an early stage 1031 exchange question I was hoping to seek the collective wisdom of this group on.
Context: I have an investment property in CA which I'm going to be 1031'ing into a property i...
Purchased a primary residence in March 2017 and lived in it until Jan 2020, then rented it out until May 2022 and sold in June 2022. We owned this residence for just over 5 years and lived in it for at least out of ...
Hi all,
I am currently listing my home for sale (lived in it for 18 months) with my realtor and plan to net approximately 61K after closing costs etc. I want to take a portion (or all of it), and put 20% down...
Want to pay ZERO taxes next year? If you own real estate or are building a portfolio, there’s a good chance that you can legally keep your profits away from Uncle Sam. But you’ll need one thing before you can do so. O...
I've searched about this but am getting conflicting info or maybe just misunderstanding what I read.
Two months ago I sold my primary residence in Houston, Texas. Profit was about $100k.
I file taxes as single.
QU...
I was 19 when I joined bigger pockets and gained so much knowledge. To keep it short. I worked etc. (W2 job) eventually found a good deal. I bought it for 220k. It can sell now for about 400k. I lived in one the units...