I have a house that I have a mortgage on and it is listed in my name and I’m looking to find out information about how I can achieve better tax benefits for things like avoiding income tax for collecting rent and how ...
A 1031 Exchange only defers the capital gains tax. The capital gains just go into the next property, they don’t go away permanently. My understanding is the only way to truly avoid capital gains tax is to pass on the ...
In regards to the IRS rule(s) that allow single/married individuals to realize a tax free gain on real property sales up to $250k/$500k so long as they live in the property for 2 of the past 5 years, is it possible fo...
My brother-in-law has a primary residence (with no mortgage) that he may want to sell to us in the future (and we want to rent it out or do AirBnB). However, we want to minimize taxes for him and for us. Currently h...
I'm interested in getting professional advice before I start investing and maybe even incorporating, but I have no clue on how to find a competent RE Lawyer.
How will I know if the Lawyer is competent on a subject (...
Hey guys, I’m in Quebec, Canada and looking to purchase a cabin/country house for personal leisure purposes. But I’m thinking; if I rented it out a let’s say 2 weeks of the year, can I claim the other 50 weeks of the...
Does anyone have any recommendations of advisors specializing in Real Estates, including exit strategies and wealth planning.thank you!
I am just getting started and have already acquired a great cash flow rental property as well as 2 houses to flip. I like to do things right and I feel now is the time to setup my business structures to be the best in...
Hi! First off, please forgive me for my level of tax ignorance. My friend asked me this question who is looking to get into REI and I honestly could not answer it. That's what BP is for :-).If I am grossing $2,000 ...
My properties are short-term vacation rentals. To get a property ready for guests, I spend a significant amount of money (10-15k) in linens, mattresses, small appliances, rugs, decor, soap, coffee, etc. Also minor rep...