I have had this dilemma about a property I bought back in 08. It has an HOA lien on the property of $7900 and it would probably sell for no more than $10k. I paid $1 plus filing fees for it back in 08. Taxes currently...
If flipping is a bad tax strategy or one of the worst RE strategies as far as taxation, how DO you make money by flipping? I have read many different posts that talk about how if your goal is to minimize taxes, flipp...
I'm working on getting a property under contract and have a investor (my dad) putting up the cash to fund the deal. We are having trouble figuring out how to structure the agreement between me and my dad.- Put the nam...
Hello, my father is selling a ranch that he owns for 4 million and looking to downsize and purchase a lake property for about 1 million. So, this is putting him in the position to have to look at the possibility of do...
Hi tax professionals, can anyone please advise if we can invest the capital gains from stocks in RE to defer paying taxes something like a 1031 exchange? Is this possible? and how to go about it. Thanks.
Hello guys,While I've listened to many bigger pockets podcasts, I'm new to the community and this is my first post. At 30 years old and after a long educational journey to become a doctor, I'm finally at the point in ...
I currently work a W2 job and they are offering a Health Saving Insurance plan starting in September 1st. I am going to close on the sell of a property with a good amount of profit around August 15th. My question is c...
All,
I have a SFH rental in Bay Area, CA. I have around 1.2 mil equity in the property and around ~460K loan. The house is cash flow +ve. Around 12K/year. I have high W-2 income (50% tax), and am thinking about doing...
All,
I have a SFH rental in Bay Area, CA. I have around 1.2 mil equity in the property and around ~460K loan. The house is cash flow +ve. Around 12K/year. I have high W-2 income (50% tax), and am thinking about doing...