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Results (565)
Thomas Larsen Claiming exempt on W4 job to save
3 June 2020 | 8 replies

I'm trying to save up enough money to pay cash on my first brrrr property. I have been saving about a $1500 a week at my job but I'm also paying about $1300 in taxes each week. My thought is if I claim exempt on my ta...

Tanner K. Tax benefits of using seller financing
19 September 2019 | 21 replies

What are some of the benefits for the SELLER when using seller financing? I am in Minnesota and I’m trying to buy a rental property using contract for deed. I want to know all the benefits to the seller. How can the s...

Ryan Jones Grandma's spouse died, she's on deed, spouse's kids living in it
23 January 2018 | 21 replies

Location:  HoustonSituation:  Husband and wife were on property's deed as they were married and bought it together 15+ years ago.  However, she moved out over a decade ago.  They were always still legally married.  Th...

Jimmy Chou FLIP + 1031 + BRRR
7 April 2016 | 5 replies

Hey BP,Need some thoughts from everyone about possibly combining these strategies FLIP + 1031 + BRRR. I'm currently renting and working on my first flip project. While flipping is the hot and sexy passion of mine, I d...

Sim Xing Section 121 with LLC
14 October 2023 | 10 replies

I am an real estate agent and investor in CA. Me and my wife have bought a condo and used as our primary residence from 2016 to May 2021.
We rented the house out to tenants in May 2021.
In July 2022, we transferred ...

Jackie F. From Primary Residence to Rental - Tax Implications?
18 September 2017 | 8 replies

I know I can ask my tax accountant, but wanted to get a general feel for what I am thinking of doing.This home was my primary residence for 3+ years then it became a rental for the past 1.5 years.How does the capital ...

Aaron Davis New in Tulsa area
2 September 2013 | 6 replies

Hi everyone,

New to biggerpockets (found through Danny Johnson from flippingjunkie). I'm somewhat new to real estate having one "slow flip" under my belt, and another underway. I say slow flip meaning we live...

Zachary Cuneo Capital Gains on Live-In Duplex
17 January 2018 | 1 reply

Hey everyone,So I can't seem to get a straight answer on this, so I hope knowledge here will help to answer this question. I owned a Duplex from May 2015 until December 2017. I moved in on July 15, 2015, for a total o...

Arash Malekzad Section 121 exemption and owner financing
19 January 2023 | 4 replies

Hi everyone I have the opportunity to seller finance my house with a balloon payment due in 5 years. With high interest rates, it actually seems like a great opportunity. I’ve been living in this house for more than 2...

Jerry Daily 1031 on an LLC and transferring to own name
3 May 2024 | 3 replies

I currently own a property in an LLC and a separate rental in my own name. I am planning on selling the property i own with my LLC and doing a 1031 to purchase another property. However, I was wondering if when I buy ...