Mark Abele
Logistics and Tax Implications of Lending from Family
Some family has shown interest in financing my next deal. They even are willing to give me the money upfront to make the purchase in cash. Are there any tax implications for someone writing a check to someone else lik...
Kyle A.
Attn Accountants! 50/50 "Handshake Agreement" Tax Implications
My best friend and I have a 50/50 stake in a rental property. He has a family and kids and did not have the free time to invest in real estate so he asked me to invest with him knowing that I have the time and experti...
Jason Dukhi
Tax Implications on Out of Pocket Insurance Claims
I own an investment property in Florida. Hurricane Irma had damaged the roof and through the advice of my property managers we did some patchwork repairs in 2017. Unfortunately, while the house was being listed for ...
Harsh Dangaria
Refi and deposit into personal account, tax implications.
Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use t...
John W.
Tax Implications of selling a house year end
Closing is scheduled for 12/29 for the sale of one of my properties. Would I have to pay capital gains in 2017 regardless of when I deposit the cashier's check?
Caleb Gray
House Hack Improvements on Personal Side - Tax Implications
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...
Nick G.
Property transfer to LLC - Tax implications for depreciation
In the following example: 1) I bought a rental property in 2011 for $100,000 which has been fully rented since.2) I transfered the property from myself to a single-member (myself) LLC in June 2017. The "sale" price w...
Jeff Uskert
250K/500K primary residence turned rental tax implications
Hello fellow big thinkers, First off wanted to register my appreciation of Bigger Pockets for providing so many of the answers I have looked for over the years. Finally decided to join and stop lurking so I could ask ...
Ramaiyer Ramesh
Tax implications of paying buyer outside of 1031
A prospective buyer wants to get a non-confirming loan (due to attractive 7 year rate). But they want to pay 10K less in purchase price as we are splitting some remodel cost. If the purchase amount is reduced, that wi...
Ethan Fischer
Tax implications of turning primary residences into rentals?
My wife and I are looking to buy our third property. Our first is a STR in a great market and is starting to cashflow. We bought it as our first property before buying our primary residence. We now have a primary resi...