I have a house in the Woodland Acres (32211) area of Jacksonville that was purchased for $47,300 cash. We are currently renovating it with about ~$30,000 in and when it's done it will be completely move-in ready with ...
I have created a substantial amount of capital through the stock market and want to transfer to real estate. I was wondering if anyone knew if there is a way to transfer without paying capital gains tax. Is there an e...
Good Evening BP Community.First of all thank you so much for all the information you guys provide on here, is really awesome!I am puzzled as to what my options are or on how my exchange would work?One of my properties...
I wholesaled a property and charged an assignment fee of $5800.I took back a note and my buyer is paying me $300/mo a month until the note is paid off.My bookkeeper is having a very hard time how to record this in Qui...
The 1031 Exchange has been one of the most tax efficient investment vehicles available to real estate investors for many years. However, with the creation of Opportunity Funds under the Opportunity Zone program, the 1...
On 8824, Line 24, Deferred gain amount. Is this amount the tax I would have owed if I just sold the property and didn't do a 1031 exchange ((ie. capital gain amount + depreciation recapture) - (closing costs and fees...
I am selling a house in FL for around 650K (bought for 450K). Tired of condo commandos :-)My options:1) Sell it outright, pay taxes (around 50K) & put the money in REIT or S&P 5002) Do 1031 exchange. I like w...
Here's one for the community:I currently occupy one unit of my duplex, while renting out the other. I'm considering selling the duplex while it's still 50% personal residence. I'm looking at a total gain on the prop...
In the process of selling investment property in CT. Need advice and a contact for 1031 exchange, qualified intermediary, partial 1031 exchange etc. Looking to reinvest in SC or FL. Thought that paying capital gains ...
While listening to a Guru selling dreams, I heard something that really caught my interest. Here is the situation described:1. Investor X has 5 rental houses that he has acquired over the last 15 years and is ready ...