Christopher Mendoza
Rental Property Rehabbed to Sell -- 1031 Exchange Implications
Hi BP Community. What are the implications for a 1031 Exchange if a long-term rental property is rehabbed prior to sale? For example, the homeowner improves the interior of the house (vacant with no tenants) in order...
Eric Schrader
tax implications of the buy and hold property
So I am pushing on and hopefully will purchase my first rental property in the next few months. My questions is around the tax implications. For arguments sake, if I net $800/month in rent, how do I claim that $ on ...
Tatyana Blankenship
tax implications of being on a family title
Good Morning,A friend of mine was put on title of a rental condo as a gift about 5 years ago. Her dad & brother each put 50k in and financed the other 100k, and put her and her brother as co-owners on the title. H...
Chris Schoonhoven
Self Directed IRA Companies & Roth tax implications
I've started looking into a few SDIRA companies and just wanted to ask to see if anyone has experience with these companies or if anyone has any suggestions for another SDIRA.I'm looking at Quest, Advanta, and Cama. R...
Eithan Shavit
Tenant asked to add new spouse to lease. Implications?
Hi BiggerPockets, I'm excited to ask my first question:I have a 3br condo I'm renting out to 3 tenants with a single lease. It's only been about 5 months in the 1 year lease, and one of the tenants got married and ask...
Nicole S.
partners on down payment, only one on loan... implications?
Sorry if this post is repetitive... I've searched and didn't find the answer. Feel free to point me to the post if it exists. :)I have a business partner and we want to invest in a property together. We will share the...
Nathan Letourneau
Tax implication for rental - insurance payout-work not completed
Had hail damage to rental properties in 2017. Received checks from insurance for cash value in 2017. Started to get one property repaired before winter, but it will be finished this spring. The other properties have...
Carey L Rouse
Gain and tax implications with selling your wrap note
What are the gain or tax implications with selling my wrap note? I'll provide an example to explain. Lets say I get into a rehab project. I pay 40k for the house and 20k for the repairs and eventually refinance int...
Jenny L.
Need CPA insight on this deal structure/tax implications
Looking to tax pros for their input on this -- thanks in advance for your help! We are trying to find a way to creatively finance a rehab and resell deal.What we’re thinking would be structured like this:Elderly mothe...
Matthew Branton
Investing in Canada Multi-Family - Tax Implications and Strategies
Hi everyone, I'm an American looking at some property in BC, but I'm having a little trouble getting a handle on the tax implications. I have gotten as far as figuring out the 25% standard withholding tax, and filing ...