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The new tax law made it so that the gain on the sale of personal property can no longer be deferred through a 1031 exchange (1031s can now only be used for real property).Likewise, the new tax law made cost segregatio...
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I have a question regarding a 1031 exchange. I just purchased my first flip and should make a nice return on it. My question is, with a 1031 exchange do I have to find a brand new property or can I use the proceeds...
I got this article from the Apartment Owners Association. I thought it was informative so I want to share with others.
IRS figures show that the top 10% of income earners make 43% of all the income and pay 7...
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I would like to know if anyone has any experience with utilizing CTL Loans to purchase Absolute NNN properties or knows of their structuring? My goal is to purchase Absolute NNN properties to create passive income for...
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I am doing a 1031 on the sale of a property that has been depreciated down to nothing (it's a condo). I own it free and clear. I would like to have the cash - but not the tax bill. I am thinking that if I buy a ren...
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I was wondering.. Is it possible to do a 'house hack' with no income starting out? I am still in school, and have no current income, would it be possible to get the necessary loan to fund a house hacking project for m...
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Hi everyone, in April 2020 we purchased a 4-unit property in Los Angeles where the seller financed a 2nd mortgage. The seller stayed in the property as our tenant after close. We are attempting to pay off the 2nd, whi...
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well actually $6.4 million according to this Charles Schwab wealth report on the San Francisco Bay Area. Which matches my sentiment that you need about $5 million to begin feeling like a true "millionaire", which I de...
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I was doing a research for a customer and realized Bp community can also benefit from this. I personally believe, Qualified Opportunity zones almost as effective as 1031 exchange. Trying to keep this simple and just ...
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My client, let's call him Paul, was not happy to owe the IRS $100k - the tax penalty of having a successful flipping/wholesaling operation. So, based on his buddy's advice (sounds familiar?), he ordered a cost segrega...