Lynn Henley
Tax Lien on Parking Lot
I own tax liens on the parking lot and entrance driveway of a townhouse subdivision. Thinking ahead ... if I end up with the deed via a tax foreclosure, what are some creative things I can do with the entrance and...
Horacio Gutierrez
Depreciation after 1031 exchange
Hello,1. If I do a 1031 exchange on the rental property I buy will I be able depreciate for another 27.9 years?2. If I sell my property and I dis 1031 exchange properties before will I have to pay depreciation on all ...
Jeff Brown
Reducing Capital Gains with adjusted cost basis/ self contractor payment
Hey guys, this falls under a tax strategy question, however some of you may have had this scenario happen before.
I'm looking to sell a commercial property that has one renter in the building (business commercial). ...
Yechiel Abekassis
Flip tax
Hi.Do i have to pay flip tax when i flip a condo in Florida ?Thanks
John Toerner
Land acquired at tax sale. Looking for ideas to develop or sell?
I acquired about 3 acres of lots at tax sale in a very hot real estate market. The 3 acres of lots are not contiguous but there are 6 lots that are contiguous where houses can be built on them. The property in this ...
Ray Valdez
Paying Taxes on NOI How not to?
I have a questions and i might be asking this wrong way but let me give it a try. Lets say I have a 54 unit building and the NOI is $202,000 i have to pay taxes on that correct? I heard in a podcast (not BP) that if ...
Hector Test
Can I report zero gain if I build a house, sell it and buy 2 lots
Hi all, I am buying a lot and building a house under an LLC. Let’s assume that the lot costs 50K, I spend 50K to build the house, and that I sell the house for 150K. Within the same year, let’s say I buy 2 more lots f...
Grady Collins
Blanket Loan Property Sale Capital Gain
Hi, I've never posted on BP before, but have been an avid reader and know there are a lot of smart people on the site who may be able to help me with a tax question. I was unable to find this scenario, but if someone...
Daniel Sisto
Lowes, Home Depot Sales Tax Exemption on Materials
Whats up BP???Looking to see if any house flippers have tried to file for sales tax exemption through there business at Lowes , Home Depot or any other big box store?While I was in Lowes the other day one of the empl...
Mario Nacev
Tax Strategy for first deal
Hello,I am looking to build a 4 Plex in PA.I am in the preliminary phase of planning and my questions relate to entity structure, taxes, and finances Background:Land Cost $10K Build Cost $200KAppraised Value at comple...