I am 71 years old and retired. I am taking my social security benefits but I also have savings in a 401k, and a Roth IRA. I've been approached by a local real estate investor to become his "private lender" on fix and...
Take advantage of depreciation: Depreciation is a tax deduction that allows you to recover the cost of your investment property over its useful life. By taking advantage of this deduction, you can reduce your taxable ...
Looking for some input from investors with 1031 experience.
I know that free advice is worth what you pay for it. So with that disclaimer and the knowledge that I have a QI and and a CPA. I would love to get some ...
Hello, I am going to complete a 1031 exchange for the first time.I recall that I read in a book that most people do not understand the boot rule correctly, and many 1031 QI's implement it incorrectly. Specifically, th...
I am curious of something. If you sell a property, and do a 1031 exchange with the proceeds, but don't need all the proceeds for the down payment of the next property, are you taxed on the additional profit that isn't...
I am still a bit confused about the whole topic of tax benefits from having rental property. Can anyone take a look at this example, and let me know if I am doing this correctly?
An investor has a full-time job makin...
What is the tax treatment for the different income streams from Lease Options? Is the Option fee self employment income (business income) when rec'd by a "future potential buyer"? Can the monthly income be "rental i...
@Amalia G. Your post in this thread"three mortgages left and 450k to spend" " I actually have A few in Austin. And though I love Texas opportunity the property taxes are a killer ! I have been trying to stay out of i...
I read many articles saying that you can deduct your property management fee or your repair costs or your insurance cost from your tax on your rental property, are those fully deductible??? Like if the property manage...
Hello Would the capital gains tax happen on the amount after the mortgage is paid off and subtracted the initial invested fund? For example, if a property was purchased for $100k and mortgage $70k and invested $10k pl...