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Greetings folks,I may be taking a job in the Spokane area which means my California home will be sold. I owe $220k and Im very sure that I could sell it for close to $600k. Im trying to figure out a way to avoid cap...
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I have a technical question for tax purposes. We purchased a REO house and settlement date was Feb 13, 2019 but disbursement date is Feb 14, 2019. Somehow WD deed signed on Feb 8, 2019 and recorded Feb 15, 2019. So wh...
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I bought a flip, which i lived in, for 22 months. Month 22 i sold the house. It was under my understanding that since i lived in the home i could deduct all upgrades to the property and pay a prorated amount of capita...
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Hello,
Recently started to educate myself in real estate investing. Any like-minded realtors and contractors that are investor friendly from the bay area please reach out
Thank you!
Armand
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I’m planning on to flip a house later this year. When I profit from a flip I know I have to pay the capital gains, is the tax paid at closing? Or do I pay the capital gains when I do my taxes next year?
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Hi everyone,
I am very new to real estate, in fact, I haven't even begun yet. I have been a BiggerPockets fan for years! I listen to the podcast and attend the weekly webinars in order to learn as much as possible.
...
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Hello, I am looking to purchase a home. It’s been in the sellers family for many decades until he inherited the property in the 80s. If/when he sells he will be hit with capital gains taxes. As a buyer I’d like to cal...
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I bought my asset (home) in 1998 for $245.000 lived in the home until 2011, it has been rented since to date 2020. The asset is now worth $896.000 . I plan to move back to the home for 2 years and then sell at the pre...
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The next stage in my real estate income is being geared towards new construction. I am predicting more money in selling newly built homes compared to buying, rehabbing, and flipping.
We are allowed to run 1031 excha...
I am looking to expand my portfolio of buildings I manage and was looking for any information or tips on gaining new clients/buildings to manage.
Different and abstract ways to target businesses and buildings...