Ryan N Lacida
Tax Structuring for Non-US Residents
Hi Bigger Pockets,
I'm based in Central Florida and new to BP. I, along with my partners, have formed an LLC and bought our first investment property here in Florida. My partners are Cayman Residents and in need of T...
Christopher Mooney
Real Estate By The Numbers - NOI calculation
Hi all,I've been reading through Real Estate By The Numbers by J Scott and Dave Meyers. It's really thorough and a great read so far!I'm caught up on their breakdown of NOI. They say Net Income = Operating Income - Ta...
Account Closed
Desperately Seeking Suggestions
I'm scheduled to put my condo up for sell, however I'm having reservations. I owe $91K on my condo in Las Vegas premium locations, with an ideal price tag offer of $128K. History showed the last unit sold in 6 days ca...
Josh Everson
Selling a home by assuming the mortgage
Hey everyone, does anyone have experience with "selling" their home where someone assumes your mortgage rather than selling for a profit? My investor friend has a lease option on my property to assume my mortgage and ...
Prithvi Sri
Cost Segregation of an Absolute Net STNL property
I bought a restaurant building in March of this year. The building is around 10 years old. I used 1031 exchange to buy this as a replacement property - sold the original in Dec last year. My question is, do I have any...
Pixel Rogue
Tax advantaged investing....
Looking to build a future financial cushion that keeps us in the lowest taxable income brackets possibleGetting to the point where we may have additional funds to invest. Then there are investment properties which we ...
Kelly Douglas
Capital gains confusion
First off, I know I should contact my CPA, but I'm trying educate myself on this matter so I can ask the right questions.
I will try to keep it simple.
"My share" of the deal is as follows:
I have a $1,000,000 Option...
Nur Al Sharif
Leasing to an Owned C-Corp which then leases to third party?
Hi all, I came across an article detailing why a C-Corp should never own property, but should opt to lease it instead. (https://www.thetaxadviser.com/issues/2018/sep/leas...) This led me to think of a scenario. Not s...
Mary Jay
Are we obligated to amend a tax return if we missed a tax deduction?
Am I obligated to deduct everything I can?
I thought what I chose to deduct and how I chose to deduct is my choice and my desire?And if we did not take a deduction on something are we obligated to amend the tax re...
Sattir Bitti
What happens to Passive activity loss on 1031 exchange?
Hi,When 1031 exchange is performed, what happens to the Passive Activity loss on original property? We have considerable PAL and good equity on the original property, wondering what happens to this loss after the exch...