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...
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...
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 ...