I have a property that is in the opportunity zone that is mortgaged that is under my personal name. Is there any way to structure it so that I can have it invested via a opportunity zone fund while still having a mort...
Hi,Regarding federal cap gain taxes, let's say I have a house I'm selling for $1,000,000 and my adjusted cost basis is $100,000 net (I bought the house 10 years ago) My annual income is $5000. Is it the case that:(1)...
This question is a little broader than 'real estate' as the solution yet looks like a good place to ask.
We are considering converting one of the investment properties into our primary residence.We might do this onc...
Hi BP,
So here is the scenario: If one bought a SFH in 2012 for $190, now worth about $500. Selling this piece for $490-500. Is he/she responsible for the capital gain? Any input would be great. Thanks everyone
TM
Hello everyone, mortgage rates right now is super low that i want to take advantage of it. The thing is the mortgage rates are low if it’s your primary residence and still quite high for investment (rentals).My curren...
What have been some creative ways people have acquired condo complexes in their entirety? I'm looking at a 90 unit complex, four buildings, with multiple owners (one owner has around 55% of units, and is looking to ga...
I'm selling a property (land) and would like to defer taxes. I've been doing some research on 1031 and do not know if I even would qualify. One thing I have read is that the title must mirror one another (sale and new...
I’m closing on the sale of a duplex on Friday, and I’m trying to figure out how much I will need to set aside for capital gains taxes. How do I figure out my cost basis? What expenses raise my cost basis? For example ...
My husband and I are somewhat new to REI and would love some additional opinions. We have a goal to reach 10 homes free and clear in the next 10-15 years. This year we purchased our first two - close to turn key - pro...
Given the the current climate due to the moratorium, AND a hot seller’s market, I decided I am selling my rental. I have 2 tenants and already gave them their 90 day notice, and am planning for them to leave within th...