I am working on closing a duplex (my first). The seller has made $5000 in repair concessions after the inspection.
I would still like to finance the full amount ($98K), so I have ready funding. Should I figure out ...
I've got a multifamily building that is sitting at around $2m in capital gains. Is there a way to sell a property across two tax years instead of one? As an example, sell half in December 2024 and the other half in ...
Hi, I am brand new to investing and I'm looking to finally bid on a foreclosure sale coming up in my county in Florida- everything is online. I finally found a SFR that is within my parameters (been doing a lot of pla...
Hey I'd love to hear a synapsis on a pre-foreclosure or foreclosure that worked out! What were the numbers, how did the deal come about, what came up that was unexpected, and what was the payout? Looking for inspirati...
I jumped the gun on my latest short sale, and may have shot myself in the foot.
Got the deed, recorded it. Sent the SS pkg to the bank, hardship and numbers were solid. Controlled the BPO, it was favorable. Made a ca...
Hi all,THere's a property that popped up on MLS today in the dfw area. Owner is asking for 60K. City says the value is 90K for 2016. It has foundation issues. house also needs carpet, kitchen, bathrooms, flooring, pa...
REO question.I am new to real estate and trying to learn as much as I can - BIGGER POCKETS community is great!I have been going to the real estate foreclosure auctions, so when a property goes to auction either people...
I'm figuring a year end tax payment - we sold a rental property for a gain (held more than one year) and will have K-1 losses from two syndications that we are LP. Turbotax is allowing the losses from the K-1 to offs...
My husband and I are selling 7 duplexes. We are wanting to do at least a partial 1031 exchange, but it is becoming very overwhelming. We close in less than 2 weeks and we have not decided how many of the properties ...
Hi all, I listed a local bar/tavern recently and the owner lives in the upstairs and has for quite some town. When the property sells, what are the tax implications for the seller? There are no liens, mortgages, or...