I have two STRs I purchased in 2022. Due to changes in my life, I'm looking to sell and 1031 into LTRs. I did bonus depreciation on both properties Will I need to worry about paying the taxes back if I 1031 into LTRs?
I found a seller who is selling two distressed houses. Both of them were purchased at auction and they have no mortgage. The owners said they would make a deal if both were purchased, and an even better deal if they a...
A friend of mine works for a small laundry mat chain that is for sale. His boss agreed to a 20% bonus upon sale because he is an essential employee and is responsible for the growth and success of the business over ...
This is my first post on BP and I am mainly still in the education phase of my RE journey so I appreciate any advice.I am married, age 31 in a HCOL area, and have:No debt of any kind (paid off student loans, modest ve...
Hi All. Quick question for the more experienced among us :) I was about to have some biz cards printed and on the back we're stating something that prompts the following question: is offering a $500 bonus for referrin...
I will be house hacking my primary home and I am wondering that are the implications on Solar tax credit and bonus depreciation?- Can I take the full 30% solar tax credit if I house hack a portion of the house? If not...
Hypothetical question: A married couple, Jim and Maria. Maria is a professional who earns $750,000/yr in W2 income. Jim takes notice, and thinks to himself: maybe I should quit my job to become a real estate professio...
Thoughts/opinions: I have a 3 bedroom 1960 ranch I'm nearing completion on with a bonus (4th?) 200sq room above garage that has two closets and door with stairs that go into (incorporated with) the house. previous own...
Hello All,I'm already an investor, but still fairly new. I have a few buy and holds that cash flow nicely, but I'm looking to branch out and grow faster rather than sit and wait for 20-25% down payment every time.My ...
Hi, I have several Single Family homes that I am thinking about selling and buying a multifamily. I want to avoid any taxes on the sale and have read about 1031's which make sense for selling a single property for ano...