Isabel Peraza
Rental income and capital gains under new tax law
I am currently making about $350,000 of rental income profit per year. I am a full time, licensed realtor. Will be selling two properties that may generate about $700,000 of profit. Being that I am a full time, licens...
Mary Jay
Refi till you die to renew depreciation?
Hi guys,1) Do I understand it correctly that if I owned a property for 27.5 years and cant claim depreciation on that property anymore, If I refinance, I can start claiming depreciation again? Or2) If I sell this pro...
Justin Ashworth
Do I always have to sell the property to do a 1031 exchange?
I have a rental property for which I have 8 years left on a 15 year mortgage. I'd like to refinance it to 30 years and pull cash out to where I only retain 20-25% equity, to gain maximum leverage. I would use the mone...
Raza Rizvi
Selling a property and confused with capital gains
Hello fellow investors. I had a question. I am selling an investment property and wanted to understand capital gains correctly. When I purchased the property I put down 25% downpayment of my own money + closing costs....
Matt Haaga
Transferring a building between family
My dad owns a duplex outright, valued ~350k, and renting for $2,200/mo. The return on equity isn't ideal, but he's retired and holds the property as a stable source of income. He doesn't like being a landlord. I have ...
Nathan K.
Calculating My Buyout as Partner
I've lurked around here quite often for good while now. It's time for an actual post.A partner and I own a fourplex together 50/50 and I'm thinking that I'd like to cash out and go on my own now that I would have the ...
Jaime Navarro
Taxes implications for buyers and seller on finance deals!?
Taxes implications for buyers and seller on Seller finance deals!?I’m working on a seller finance deal and have some questions on Taxes.Seller: Family member Seller’s Purchase price in 2009: $180,000Property owned fre...
Chris L.
1031 and what happens if you buy 5 properties and sell one
Lets say you buy 5 properties using 1031 , when you go to sell do you have to sell them all at once? If not, how are taxes then taken out. Lets say the funds in the 1031 were 500k that I purchased 5 properties with ...
Mindy Jensen
Opportunity Zone Improvements: Retail Value or My Cost?
Opportunity Zone Experts. When I invest in an OZ, I must make improvements equal to the building's value. Does the government consider retail value improvements or do I have to provide receipts for dollars spent? I ca...
Dimitri Carso
Primary residence - to rental -than back to primary residence
I have a rental property that was originally purchased as my primary residence. I rented it for several years and now want to occupy it again as my primary. If I occupy for two years can I then sell and be exempt fr...