Sarah Albert
Tax implications for seller finance (inherited property)?
Hi everyone,My husband and I found a property that we want to make an offer on. The original owner passed away unexpectedly ~1 year ago and their children inherited the property. There’s no mortgage and it has been on...
Doug Watts
First Flip Listed! Any strategies to avoid CAPITAL GAIN$?
My first flip is listed on the market and should be selling soon. I was just wondering if there are any strategies or things that could be helpful to me on the capital gains. Im pretty sure in texas you have to own ...
Charles Harwell
A good problem to have
I recently purchased a single family home for $230,000 in a up and coming area. The bank I do most of my investments with wanted an after construction appraisal (detailed scope of work included) on it which came back ...
Peter Lee
Can capital gains be rolled into another property via 1031?
Wondering if capital gains from a sale (and capital gains only) could be taken and rolled into a different property via 1031 exchange to avoid the tax hit. Or does one have to take all the proceeds and roll them into...
N/A N/A
What could be happening here? First right of refusal...
I can't help think there is an agenda and I do not know enough about putting a creative deal together. What could be happening here: What's on paper VS action?:
A family member of mine has the 1st rt of refusal on th...
Dr. Jordan E Smith
Qualifying for a mortgage despite massive student loan debt
I'm new to the forum, just heard about it in Brandon Turner's book on rental properties and signed up today. I have been learning about real estate primarily through audiobooks and several real estate agents and inves...
Ari Newman
Creating a new business to “hang” a Solo 401K on
Hi All,
I’m trying to determine the best structure, and the necessary entities so that I can create a new Solo 401K (for me/wife) and rollover funds from my existing 401K. My current business (where the 401K plan exi...
Ken Press
Where does Bonus Depreciation tax benefit fit into deal valuation?
I'm reading through "Real Estate by the Numbers" -- awesome book! As I'm modeling out my second STR, I look forward to taking advantage of 80% Bonus Depreciation for tax year 2023, and claim that against W2 income.So ...
Josiah Cooper
Creating Your Own PM Company
Hello BP Community!I wanted to get some opinions on creating a property management company for our rental properties. I have heard of people owning properties and then creating a PM company that "manages" their proper...
Mitchell Kane
Borrowing money means less taxes?
Hi all,First time poster here, I would like to buy my first home soon, so I am trying learn about real estate investing, from Seattle, WA. I am reading one of the Rich Dad, Poor Dad books: Retire Youg Retire Rich, an...