I'm a physician with a fairly high W2 income (and thus high tax liability). I've wanted to get into real estate for a while as a means of diversifying my assets and reducing some of my tax liability. I'm facing a $280...
Hello, my father is selling a ranch that he owns for 4 million and looking to downsize and purchase a lake property for about 1 million. So, this is putting him in the position to have to look at the possibility of do...
Hello all, my question is pretty basic but I cannot find a good answer online.
How much will I pay in capital gain taxes?I have a triplex that I bought for 200k 6 years ago, I refinanced to take cash out and now I o...
I bought the house in 2013 and lived in it for 1.5 years. I moved out and rented the house out for 3.5 years. I just moved back into the house. If I go to sell it in 2-4 years, will any portion of the property sale be...
I just read a post where someone said you may have to pay SET on income from flips. Is that true?
When entering information on my Turbo Tax Premiere software I see a screen that asks the following: If this business shares common ownership and operates co-operatively with another business, you may want to report t...
Hey All,I have two different questions but they are ultimately linked. I'm super confused at this point on the tax advantages of buy and hold RE. I have been talking with my aunt who is a CPA here in the Houston, Texa...
We purchased our triplex in April of this year for $260,000, we put $41,000 into it for the remodel. Our plan was to live in one unit (house hack) for 2-3 years and then rent out all three units for the cash flow aft...
I'm looking for feedback on the best way to take the next step in my real estate adventure. Should I sell my current rental and reinvest in a better property? Or should I leverage my rental to acquire a new property w...