Account Closed
Buying residental rental property which renting myself and taxes
Hi Guys, I am looking to buy a condo to rent it out while i am renting my self, this seems to be a odd thing. but I want to build my equity while i could accumulate to buy a house for my self. I am concerned about th...
Sebastian De la puente
Investing in Strike off properties in Tax Deed States!
I heard this is a great website were people love to help, and i would love to start helping as soon as I can! To be able to do this I need to get a few things straight. If the tax for...
Daniel Trzaskos
Offset Capital Gain Tax
Long story short I sold a rental I had and walked away with approx. 90k. For a variety of reasons I wasn't able to do a 1031 exchange. Was wondering if anyone had any advice to offset the capital gains tax I'm on the ...
Ishmael Tillery
Property Taxes & wholesaling
Hi BP community,I recently started running for dollars (using my morning jog to check out properties of my liking). It feels great knowing I'm working towards my financial goals and health goal. I want to wholesale di...
Michael Key
Going from Single-Family Homeowner to Investor
Looking to make my first step towards becoming an investor and wanted to know what are some things I could/should do to take advantage of my situation.Currently, I own a single family home (which I plan on staying in)...
Robert McEachern
Depreciation Recapture in Seller Financed Transaction
Hello All:I am trying to purchase a 4-plex using seller financing and the Seller's accountant is telling the Seller that they need to receive enough of a down payment to cover the depreciation recapture which is taxab...
Christopher Todd
Selling a property with a 2nd mortgage
As many people do in their younger years, we accumulated a fairly large amount of consumer debt; around $55,000 worth. However we began to make better financial decisions and in the process of such built a home that h...
Krystyna Fennelly
Recommendations for a CPA and self directed IRA advisor?
I loved my old tax advisor whom retired and I haven't find the right replacement. Would love recommendations for a tax advisor/CPA in Texas (local to Houston-Galveston area is a plus but not required). Looking for s...
Joshua Smith
Roth IRA for Deal Assignments
I stumbled across what I believe to be a genius way of shielding active real estate income.
One can tie up a property for, let's say $1K. This $1K would come out of a Roth self directed IRA. Deal is assigned and Assi...
Bruce Reeves
Long Term Capital Gain at 0%?
Please someone verify if I have this right. I may sell my rental property this year or next. But of course taxes are a big part of that decision. Just retired, actually just got laid off, but planned to...