Here is my situation:I bought an investment property and improved it. All-in for $200k cash. I refinanced it and have a mortgage on the property for $450k. I'm planning on selling it now and it should sell for abou...
I recently bought a house in August that I will be flipping. I am looking at making around 90K to 80K before taxes. This will most likely put me in the 24% tax bracket but I am close enough to falling into the 22% tax...
I did a 1031 tax deferred exchange in 2018. I sold three properties which closed on 11/1/2018 and I closed on the purchased property on 11/13/2018. I completed form 8824 and have documented the adjusted basis for the...
Background:I have approx 150k in equity in a duplex and have done a cash out refi (approx 70k) and taken depreciation for last 7 years. I want to limit my tax burden and invest in an apartment building or a strip mall...
I'm curious if I will be taxed differently if I assign a deal, versus closing on the property then selling after the fact. I might be thinking way too hard lol, thought it was wort asking!
As I look through my database, about 50% of my deals that I buy or I sell to have a divorce in the past 24 months. Does anyone out there market to divorce attorneys or the people themselves?
If so, what is their mark...
I am in the process of a 1031 Exchange. I have a question regarding the 3-property rule. Let's say I identify 5 properties and 1 falls through but I still close on the other 4. Is 100% of the exchange disregarded or...
I have a question. My grandmother bought our home about 15 years ago and due to financing and poor rehabbing work still owes quite a lot on the home and wants to sell the home and use the proceeds for me to buy a new ...
I love the idea of the BRRR strategy, but there's one thing I can't figure out. Don't you lose the ability to tax deduct interest payments on the mortgage after the "Refinace" part of the strategy. Since the loan wasn...