I have lived in my past primary residence for 13 years. I am considering renting it out for a small period of time, then selling.What are the rules for doing this.If I lived in it for 2 years, of the past 5 before the...
So I’ve done a few flips and wholesale deals with varying degrees of success. Getting started as a REI has been a lot of work which I enjoy. The more I get into it the more I realize there different levels of investor...
Hi all-Newbie here. Searching for my answer on BP, time and time again I hear that live-in flipping is too good to be ignored due to the enormous tax capital gains tax benefit. My question is, what differentiates the ...
Hey BP!! I am trying to get into a deal right now as a newbie but need some advice/suggestions from all you experienced members, I would really appreciate it please. I am in talks with my landlords right now to buy th...
Hi everyone. If a seller of a property does not plan on doing a 1031 exchange does seller financing save the seller from any capital gains taxes? Does the fact that the seller will essentially not be getting the full ...
I may move from canada in 3-5 years. I have about 700k in savings. I don't like renting in apt buildings or plexes where the noise level drives me insane. I am thinking of moving out of Toronto into the boonies somewh...
Opportunity Zone Experts. When I invest in an OZ, I must make improvements equal to the building's value. Does the government consider retail value improvements or do I have to provide receipts for dollars spent? I ca...
I've found so much contradicting information online and through the hired professionals that handle my taxes. I am hoping that someone here can provide a more reliable answer. I have a well-funded defined benefit pens...
I have a general question about business and real estate. I keep hearing places that people often buy real estate to offset other businesses. Is this just for tax purposes? I need some more detail on this subject. Tha...
I remember hearing on the BP real estate podcast at some point Scott describing how selling an investment property after 5ish years and trading it in for a more expensive property was the right move financially. The ...