April Birdsong
AGI >$100,000 Can't deduct rental losses?
Hi thereI am new to investing, looking at a SFH for my 1st rental property and trying to understand the tax benefits that are often spoken of on the podcasts. But, my CPA says that because my AGI is >$100,000, I am...
Dean Velodota
Taxes and house hacking with income
Multi-family owner-occupied home—I live in the bottom apartment. Partner and I have an LLC and, to be fair, since we both purchased the home 50/50, I’m paying “rent” each month to the LLC. We can now only deduct the...
Grand Wally
Owner financing & taxes??
I found a great 20 plex apartment building, fully occupied, great cash flow. The owner is hesitant to sell it, however, because of the tax implications. It is fully depreciated, he inherited it, it's currently held ...
Ray Martinez
LLC your ADU to Save on Taxes?
Hey everyone,
I'm currently in the beginning stages of converting my garage into an ADU. I wanted to see if there are any experiences with creating a LLC prior to construction to help with tax liabilities for the cos...
Vincent Carminati
Equity Loan Money Transfer
Hello,I am looking to have someone in my family take out an equity loan on a Commercial Property they own to start my real estate investment career. I feel this is a much better move then using a hard money lender due...
Rick Richard
How to use real estate to offset some of the tax hit on a private equity payout
Hi, my wife is expecting a K1 equity payout this year. Can we use our current investment propeties or purchase another investment property purchase to at least slightly offset the tax hit?
Mateo Way
Tax debt pay off prior to closing
Hea BP Forums!I have found myself in a bit of a pickle.My wife and I have a property under contract for 345k with 20k in seller credits at closing, funded with a FHA loan. We passed inspection with only some minor pai...
Justin Polston
Local bar owner looking to sell, tax implications/capital gains amounts if owner lives in property (and has for 40 years)?
Hi all, I listed a local bar/tavern recently and the owner lives in the upstairs and has for quite some town. When the property sells, what are the tax implications for the seller? There are no liens, mortgages, or...
Mike Landry
selling with owner financing!
Hi guys. We are looking at selling a condo we own in galveston and we are advertising that we will consider owner financing. It is a vacation rental and will be sold either to an investor or someone for a second/vac...
Kyle Milani
Getting into rental arbitrage - with or without an LLC?
I am looking to nail down my first lease in Florida. I currently do not have an LLC yet, it's going to take at least another 30 days. I have found I property that I like but don't feel that it will still be available ...