Peter K.
Must 1031 Like Kind Exchange = Sale Price or Greater to Qualify?
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...
Ben M.
Tax increases killing cash flow
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
Daniel M.
Embarking on a Real Estate Journey from Brooklyn to the Hudson and Housatonic Valleys
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...
Matt W.
Noob dumb tax question.
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 ...
Sterling Hiebert
roth IRA overcontributions
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...
Brandt Tingen
Self-Employed Owner-Occupant 2-4 Unit Loans
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 ...
Carl N.
1031: lower cost replacement property
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...
James Black
Will I have to pay capital gains tax on sale of property?
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...
Account Closed
Deductions for Investment Interest Expenses by Kislay Shah CPA
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...
Connor Mather
Mortgages for Travel Nurses
Lenders,I am hoping to connect with a lender in NC who understands and also works with travel nurses. For those of you familiar/unfamiliar with how travel nurses are paid I will explain.Travel nurses taxable hourly ra...