Hello I am wondering if anyone knows anything about if I have to pay capital gains tax(short term or long term) if I sell any of my rental units. I have lived in 2 of them over a year and the third one for close to a ...
I have an opportunity to buy a student housing property that was sold a few years ago for $8M, at a reduced price of ~$5M due to Covid and a few other issues. The property has an SEV close to 50% of the original $8M p...
Had hail damage to rental properties in 2017. Received checks from insurance for cash value in 2017. Started to get one property repaired before winter, but it will be finished this spring. The other properties have...
I did some research on this new Opportunity Fund Zone tax benefits. Below are some notes and ideas. Note I'm not a CPA or attorney just putting it out there to help inspire some ideas.
An Opportunity zone (OZ) is ta...
Alright. Got the first purposeful rental property bought and rehabbed. Now we are looking for renters.We are including in our advertising that we are looking for tenants that have:1. Income 3x or more of monthly rent....
Hey guys,Another question today about the details of your K-1 and whether or not I can peek under the hood. Does anyone know if it's visible on a K-1 document whether or not you are receiving your own capital back (th...
Hi BiggerPockets,I have a question about taxes that I can't seem to find the answer for on google. In my breakdown of my rental property I put away 5% for CapEx and 8% for maintenance. If I do not use this money in a ...
I’m curious as to what other investors that do it full time do about health insurance? Looking to focus on investing full time in the near future but leaving my full time job that currently covers my family and I to p...
My great uncle was a multi-millionaire who took his own life roughly 20 years ago. He left all living family members individual trust funds/retirement accounts conservatively invested in some sort of mutual fund. For ...
This is SmartAsset’s eighth look at the best housing markets for growth and stability.In this study, SmartAsset investigated the housing markets that are best for growth and stability, comparing home value data in 400...