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Hey guys, I've been a full time real estate agent for several years now and up until this year that has always been my primary income. However this year I focused more time flipping properties than selling real estate...
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Hi BP,My uncle wants to sell my grandparents' home in San Jose, CA. Is there a way I can purchase it from him and avoid the 40% capital gains tax? Someone mentioned possibly using a private loan to pay him and he "gif...
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I don't know how many of you are having an issue finding like-kind properties for a 1031, but if you're interested in trying out a DST (Delaware Statutory Trust), I'd be happy to connect you with an SEC-licensed broke...
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Hey BP community...I am talking to a guy about selling one of my properties to him and I had a question about tax implications as I am being told if I do it this way I am avoiding some taxes...
Here is what we are ta...
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Hello - I will send a rental property this year. LT gain expected of about $200k. My wife and I are above $150k AGI.
Can one please explain to me how to avoid underpayment penalty? I am confused with “quarterly esti...
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For multifamily and comercial rentals,1. Is it better to pay income tax or not? If so, why?2. Is there any way to avoid paying rental income tax legally? If so, how?
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Hi all,I'm in an interesting situation. Long story short, a 94-year-old woman has expressed interest in selling me her $2M duplex (in a very nice area of Los Angeles, hence the $2M price tag). I haven't dug into her m...
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HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
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Hi all, Here is my situation. Way back when my wife and I purchased our 1st house my in-laws helped with our down payment to reduce our mortgage. As such, my mother in law (father in law is deceased) now owns 17% if o...
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Hi Everyone,
Wanted to know the best way to do this real estate transfer/deal.
My wife's parents own a rental property free and clear in an LLC. Property was purchased for 130k. Value is currently 230-250k.
They bo...