Hello BP World! Let me start by saying WOW, what a network of people on this site. I’ve never come across a larger gathering of like minded people who are all so willing to assist one another in every facet of busines...
I'm a US citizen living in Germany, where I am buying rental property. The law here is that if the property is sold after >10 years' ownership, there is no tax on the capital gains. However, I would have to declare...
I just had a Phoenix tenant report that she has bed bugs. She said she has thrown 3 beds away trying to get rid of them. I suggested that they probably followed her from the apartment complex that she came from and na...
My wife and I own 2 rental properties in Colorado that we are working on getting into LLCs for asset protection purposes. I also have a single member LLC for work. We have a Wyoming LLC owned 50/50 between the two of ...
Hello Members,My friend and I are both first time investors and will be investing in real estate within the next six months. We have been researching whether or not to create an LLC. We haven't had too much success in...
Hi everyone. I have a home that I purchased in 2010 for 25k. I'm just now renovating it and it will be finished in a month. If I sell it in 2013, will it qualify for short or long term capital gains? I've owned th...
Hello Everyone,For the topic at hand - I recently learned about Tenants in Common (TICs) as a real estate investment option. Although I am not currently pursuing one, as I understand they can be fairly pricey, I was w...
Hi all! My husband and I are currently selling an investment property with the goal of a 1031 exchange and have some questions around the debt component.
For simplicity's sake, if the property will sell for $1.5m ...
I’m wandering if someone out there can talk to me about capital gains tax and how that would come into play when owning investment properties? Would there be a time to sell and a time to hold based on capital gains tax?
Hello. Question for the community. I'm a financial planner in Dallas, TX and I've got a client who is considering the following decision and I'd love to hear some wisdom about how to advise him to proceed. Situation. ...