Jason K.
Sell home at loss - tax implications
I bought an investment property Nov 2018 in Phoenix, AZ. The home has not worked out, I have not been able to find renters and now I am considering selling at a loss.I bought the home subject to for 60k out of pocket...
John Carr
Joint Ownership, Funding & Tax Implications
Hello all!I have some questions regarding joint ownership with a non-spouse family member. I will try to be as succinct as possible (while also explaining in full the situation), so here goes...My dad is interested in...
David Baker
Tax implications of a single flip
Hi all, I have read several posts on first flips and taxes but have yet to find the answer. So here goes! My wife and are both employed and in a higher tax bracket. So if I flip a house this year and profit $25k a...
Bryan Petrinec
Seller Financing Tax Implications for Seller
How is income from a seller-financed property treated from a tax perspective? I am considering selling a property that has no mortgage on it through seller financing. I know that if I were to sell it through a stand...
Rachan M.
Tax Implications of Gift from Parents
Good Morning,My parents, who live overseas, want to gift me some money which I would use to buy my first investment property.Does anyone know the tax implications of doing this? Will this gift count as income, and wil...
Account Closed
Implications of paying under the table
I need to do several renovations on some rental units and am evaluating two options. 1) Hire licensed contractors and pay $30k. 2) Hire an unlicensed contractor who has an excellent reputation and good references. ...
Jack Luzecky
Bad Foundation - NEEDS Piers - Future Implications
Hi all! I am currently looking to purchase a home with significant settling issues in St. Louis, MO. The house will need piers, and my guess is it will cost about 20k. Its been sitting on market for a while and i beli...
Ryan Windus
Preferred Returns Implications on Cash Flows
Recently, a lot of the value-add deals we have been underwriting will produce less cash on cash returns during the beginning years of the project than the deal's preferred return. Whether talking to potential investor...
Elliot Shoener
Tax Implications, with Trust owning LLC
I am purchasing multiple rental properties and will be registering each in an individual LLC. Those LLC will be owned by a Irrevocable Trust. From my understanding, the rental income etc. will pass-thru to the Trust...
Ian Tyndall
HBR Research on STR Rent Implications
Pretty respectable source’s research “found that short-term rentals are not the biggest contributor to high rents, especially when it comes to the most vulnerable segments of a city’s residents.”https://hbr.org/2024/0...