Does anyone have any experience with using tax credits to invest in real estate? I’ve heard of people using this strategy before but there’s not much info about it anywhere on the internet. Any information would be gr...
My lender presented the option to take out a WHEDA loan for my downpayment to take advantage of the tax credits. I have money for the downpayment but I want to maximize my savings for future properties. I was original...
I have a land listing located within a "Qualified, Severely Distressed" New Markets Tax Credit (NMTC) Program census tract. Does this make the property more valuable to large developers? Thoughts?
I purchased a home in September of 2018. The previous homeowner had bought the house 10 years prior for a value of $40k, so the taxes on the property were extremely low ($1,500). I bought the house for a little over...
Hi All,I bought a rental unit in 2014 where I negotited a seller paid closing cost credit (fixed dollar value) at closing. I am going thru the HUD-1 now figuring out what can be added to basis etc and I'm not sure how...
Hi all, I’m currently in the process of buying my first home. I was wondering if someone would help explain the first time home buyer tax credit? I’ve read a few articles online and am still confused about it. Any hel...
Experienced traditional investor. Used personal money and traditional loans for years. Have an unemcumbered multifamily held in LLC desirable location. Not ready to sell. Need to paint landscape to get top dollar. Bri...
Hi everyone-I am new to Bigger Pockets and I am excited to get involved with the forum. What are you recommendations on creating an LLC as a holding company for all your RE investments?I want to create a business LLC,...
Any experts here on LIHTC? Looking at a possible rehab of affordable housing in Indiana. The deal works without LIHTC, but would sing with it. Between acquisition and rehab, looking at about $9m of qualified expenses....
I will be house hacking my primary home and I am wondering that are the implications on Solar tax credit and bonus depreciation?- Can I take the full 30% solar tax credit if I house hack a portion of the house? If not...