I have a closing on 1 Sep where I will net $10k, then another closing for a property that I am purchasing for $45k on 16 Sept.  My question, is it worth the effort and expense to do a 1031 for the $10k from the first ...

Using basic numbers, assuming I sell a property for $10M and after cost basis is accounted for and mortgage is paid off, I have a net taxable gain to me of $3M.I'd like to purchase a rental lake house property for $1M...

Hello BiggerPockets Community!
🌎 I'm thrilled to join you all from Brooklyn, NY! My investment sights are set on the scenic Hudson and Housatonic Valleys, where I see tremendous growth and community development poten...

It is nice to have the equity from the appreciation we are having but the tax increase is killing my cash flow. I guess when looking at the equity on the back end it is still a win but this is making things a bit tricky

OK apologies in advance if this is a dumb question, but I'm not quite getting it. Background, this is my first rental, manage and maintain it myself.  In Wilmington, NC. Small 3br/2ba. Total payment is $794 and rents ...

hello all,so here is the situation, I am just now learning how to handle my own finances. a few years ago I opened a managed roth IRA but this summer I decided it was time for me to actually learn where my money was g...

Hi All,FHA loans are great for owner-occupants with a W2 job, but can be prohibitively restrictive for those who are self-employed or run small businesses.  Have a borrower with excellent credit, cash reserves, track ...

I am trying to understand what my potential tax implications would be in this example scenario.1st property purchase:$600k with $150k down Sold for $932,5002nd property:Purchase price $1,925,000$385k down  Sold for $2...

Hello everyone. I am about to sell a rental property that will result in 50k-75k in profit. The question I have, which I haven't been able to find a clear answer on, is will I have to pay the 15% tax on gains or 0%. M...

Taxpayers are constantly striving to be able to make more money. A great way to do that is by investing in assets and growing your financial portfolio. By investing, further savings are acquired by being able to reduc...