We are selling a primary residence which was a rental for the last year. Since we lived in it for 2-yrs within the last 5, we qualify for the $500k capital gains exclusion. However our profit will exceed that by $150k...
I am deciding about starting to invest in syndications, does anyone have resources that discuss the depreciation benefits? My primary goal in investing in real estate is to lower my taxes.
I am just getting starting (aka havent really yet). I am looking into all the tools and seeing how to get started. If i could get some help with initial questions it would be much appreciated. They are probably basic ...
Can a pre-taxed self-employed income (pass-through entity) be used to purchase a rental property?
I have a motivated seller with an SFR, 3 beds, 2 baths, 1600sq. ft., Houston suburbs. The ARV is 120K, the rehab is 15K, and I'd like to make 20K (flip) with an exit strategy of refi, rent and hold. I'd like to offer ...
Hello,I am thinking about buying some SFH rental properties in the Midwest. I live in Florida. If I buy houses in Michigan, for example, do I have to pay state income tax in Michigan, even though I don't live in Mic...
Quick question for my fellow BP REI folks in Chattanooga, TN!We are doing our due diligence on a duplex we're under contract to purchase in Chattanooga (Brainard), TN. The most recent tax assessment/appraisal was in ...