Aaron Duthie
Selling 1 Unit of a Full Duplex - Tax Implications?
Scenario: I have house hacked a Full Duplex for 2 years (lived in unit A, rented out unit B). The Full Duplex has two tax IDs, one for each unit, so I can sell each unit separately. Let's say I now sell the rental uni...
Nancy P.
Tax Implications of Paying Off Mortgage Shared With Son ...
So this is just a what if situation that my family asked me about at a reunion last weekend that got me thinking. We have two kids, and two years ago my husband and older son went together on a mortgage (that son co...
Account Closed
Help Newbie with Finance / Tax Implications for Rental Property
Hello,
I am new to the rental property investment world, and was hoping to ask for some tips / guidance as I navigate this process. My main concern is around optimizing my finances (personal taxes), as well as making...
Wesley Wiliams
Tax Implication Question - Profit from Sale v. Assignment Fee
In trying to think about structuring deals with potential motivated Sellers, what is the difference in tax treatment for profit from a sale (in the case of equity over mortgage balance) as compared to payments receive...
Alejandro Arciniega
Buying cash then getting a recoup loan tax implications
Hi Guys and Gals! Thanks in advance!!!My wife and I have been getting beaten out by cash offers left and right. The only way to be competitive in our market (So-Cal) is with a cash offer. My mother in law has some cas...
Tomer Royter
Moving out of country - What are the tax implications?
I'm currently in search of an investment property in the New York area.I know that as a property owner living in the US I get many tax benefits on this property such as deducting the interest on the mortgage, home dep...
Zach McMichael
Practical Implications of Taking a Property Subject To Mortgage
I am looking at a property that would be a good candidate for purchasing by taking over the payments on an existing note/deed of trust. While I understand how the process works, I have never done this type of transac...
Tom Tran
Tax implication on a sale of an apartment building?
Hello fellow REA investors,Can anyone help me answer the question below, I know this should be ask an Accountant, but I just need some general ideas of the tax implication. Here is the scenarios:1. We bought an apt bu...
Henley H.
Tax implications if a 1031 exchange becomes primary residence?
I am looking at selling and investment property and would like to do a 1031 exchange. Their is a possibility that the new property I purchase for the 1031 exchange will eventually become my primary, owner occupied re...
David S.
Let’s play out the long term implications of REITs…
I’m really surprised there isn’t more talk about the long term ramifications of the REIT industry. I’m investing in KC and have watched this industry cause a run on lower end housing that’s gotten quite hot all of a s...