Martin Sterling
Asset Protection and Tax Consequences
This is a bit of an Asset protection and Tax consequence question.If I buy a property for 100k (100k is my basis) , 5 years later it's worth 400k, that means I have a 300k capital gain.1 - If I sell the property after...
Joshua Chen
No money down & consequences
Are the consequences of financing a no money down deal and failing worse than the consequences of financing a deal with some of your own cash on the table and failing, as a first-timer?
Eric Goodell
Consequences of gifting a property
My girlfriend's grandpa is gifting her his property. He wants to sign over the title to her free of charge.He purchased it for $63,000 in Oregon, and is 4 years short of paying it off. Now the Zestimate says it's aro...
Juan Mendoza
Legal consequences of not selling
Hello, everyone! Merry Christmas to all. Over the past weeks, I have been educating myself on everything that has to do with real estate investing. I have decided to start with wholesaling since I don't have much mone...
Alyssa Paros
Consequences of a New Job
Hi there! My name Alyssa Paros. My husband and I are currently saving to start investing in our first property, hopefully sometime this summer.
We both have full time jobs and make a decent income, he as a mechanical ...
William Johnson
Unused Insurance Claim Tax Consequence
A rental property suffered damage in a wind storm. An insurance claim was submitted and a settlement was made. Repairs were made with a portion of the money. There was no change in the value of the property.
How i...
Steve Burt
Consequences of Foreclosure for Landlords
Hi, I have been researching this online but have not found a definitive answer. I will try to keep the question simple though I think there are a couple of scenarios (whether you own a rental via an LLC or without one...
Account Closed
1031 title question, tax consequences?
Have a property in NY with substantial cap gains that I am looking to 1031 and it is in my name. I would like to change title to LLC instead of my name and was interested in knowing the consequences of doing this bef...
Roy Williams
Tax Consequences of a Foreclosure
Hello Folks, was curious to see what the tax consequences are if you have an investment property foreclosed.
Are you taxed the following year on the full amount of the debt? Are you taxed on the differential between...
Marc Winter
COVID--Unintended Consequences--Unexpected Benefits
COVD: unintended consequences, unexpected benefits
In NEPA (Greater Scranton PA area) the market was starting to heat up in November 2019. By January 2020 it was cooking—really moving along nicely—better than in man...