Account Closed
Seller taking a loss and tax implications
Working on an unfortunate situation with a seller who paid more for the property 12 years ago than I'm able to offer today - they bought in 2006 and probably overpaid, then did not maintain the property, and then got ...
Jonah Hartsburg
"Texit" and Early Implications in Real Estate
This post is not intended to elicit normative value statements on whether the secession of Texas from the Union is right or wrong but rather to explore the early and potential implications on real estate.For those not...
Ian Eynck
International RE Investing for STRs - Tax Implications
Hey BP gang, I am a US Citizen who is looking to invest in EU property. Specifically I am interested in STR/ Vacation rentals in Europe. I know the tax benefits that US RE investors can take advantage of when investin...
Sheen Jowl
tax implications when moving properties into LLC
Hi BiggerPockets,I wonder if anyone has experience in moving properties from personal name to LLC. The properties stayed on my 1040 Schedule E for a few years and have accumulated loss when depreciation is included. H...
Jackie P.
Tax Implications of Flip and Option Cancellation
1) Investor 1 takes over a house subject to a 65K balance and 3K back payments. Deed executed between seller and Investor 1.
2) Investor 2 puts a 1K option on the house with Investor 1 at a purchase price of 75K.
...
Pete Fiannaca
Question: New Tax Plan and LLC Implications
Hey BP -Thank God we have people in this community who eat, sleep and breathe taxes, because this stuff is going way over my head. Couple quick questions regarding being a small time landlord, the new tax plan (TCJA) ...
Patrick McGowen
Tax implications of roomate for owner-occupied
I friend of mine asked me if she should depreciate her home or not as she is bringing in a renter. Her CPA is going to run numbers for her, but I told her I would ask BP community if you had any good insight or innov...
Fred Mejias
Refinancing (Mortgage or HEL) and tax implications
I am looking to looking to cash-out re-finance my current mortgage. I looked into mortgages and they are anywhere from 70-75% LTV. I was told by a local bank that they can do a Home Equity Loan (HEL) at LTV 80% and th...
Ben Ravenscroft
tax implications for resident becoming non resident
I'm in somewhat of a unique situation - I'm currently looking to make an investment in a residential property as a permanent resident / green card holder. However there is a small chance that at some point I may lose ...
Minu Lal
Tax implication for Canadian investing in USA
I am a Canadian investor venturing into the US real estate market. I found from an accountant that even after setting up LLC in US and Canada, I will still be taxed by IRA at 50% and also that the time of a sale the R...