Joshua Fields
Avoiding capital gains by using creative financing
I am trying to get owner financing on a $250k real estate asset. The owner has owed the property between 1-2 years. He is going to make a huge profit. If he agrees to owner financing will this allow him to avoid capit...
Tyler Standish
Tax Deductions Prior to Purchase of Real Estate
Hi, I am wondering if I can deduct "business" expenses prior to purchasing any real estate? I eventually plan on purchasing an REO property and flipping (and will likely set up an S-Corp), but I might not even make m...
Shirley McLean
Cap Gains or Loss on TX Inheritance Property?
Hi,
I'm in Texas and My dad passed away nearly 2 years ago and I inherited his home which is paid for. I've been living in it and have done heavy home renovations. I know that if I put it up for sale (before my 2yr l...
Michael Wirtz
International Airbnb Venture
I am getting my Italian citizenship, and using that as a tool to invest in airbnb style properties abroad. Does anyone have any experience doing this? Would love to chat.
Kevin Muns
Personal loan to family, till sale documents.
I am going to lend money to a family member to pay delinquent mortgage payments, and a few bills. He is going to list his home for sale in the next 10-14 days. The money from the sale will be used to pay me back with ...
Joseph Medina
WARNING! Biden's Tax Plan: The Investor's Worst Nightmare
IRS peeking into your income, Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!!
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...
Sarah Lawrence
deducting expenses when properties fall through
Hello. I am wondering how everyone deducts their expenses when offers fall through such as wire fees when they do not have ownership of that property for tax purposes.
Tanya Patience
Strategy question: Depreciate or Expense?
Hi! I've searched around a ton to find a simple answer to this to no avail. Maybe because it's been hard to wade through the flood of information on depreciation and expenses.I wanted to know the strategy behind wheth...
Evan Loader
Depreciation recapture question
I have yet to experience depreciation recapture, since none of the syndications I participate in have exited.My question is this. I have had paper passive losses on all K-1s filed with no passive gains to offset(I’m a...
Matthew T.
Does Depreciation of one property Offset Capital Gains on another
I am just looking for clarity on this matter. If I have a bunch of depreciation in my holding company, can that be used to off set capital gains tax on my flips?