CPA'S? : I'm looking at approximately $5,500 in capital gains tax from the sale of my house. How can I reinvest the $5,500 into an investment property and legally have ZERO in taxes to pay? TIA!
I purchased an investment property and lived in it whilst renovating. I am told upon selling I will have to pay around 25% cap gains tax(in north carolina). The only way I am aware of to avoid this is to live in th...
Hello my name is Nick,
I'm currently looking into applying for a USDA loan. I understand that this is a owner occupied investment however, I was wondering if multiple names could be on the loan, and if my business pa...
Hello BP Community,I'm a smaller real estate investor, a triplex and 6-unit under my belt.My plans has been to get into real estate syndication. I want to syndicate large multifamily deals. Obviously the idea of takin...
Hello,
We have found ourselves in a terrible situation. We moved out of our home to do a large renovation and rented a house for us to live in. When we were supposed to move back into the renovated house we bough...
If I was to purchase my first appartment, is it important to setup a limited company before that happens?
I realise the benefits of doing so in the long term but I wondered if you could move a property from personal ...
Hi to all you tax know-it-alls and 1031 exchange folks. With anyone who has experience in the field, I am really in need of your detailed advice concerning this deal I have going on. Please see below:In September of 2...
Hello everyone,I bought a condo in downtown Chicago 4 years ago that has been my primary residence since. However, my wife just received a job offer in Miami and we are moving at the end of the month, so I want to tur...
I live in Texas and am new to this investment strategy and have some questions that seem to get overlooked when watching videos. 1.) When a deal is assigned to a tenant/buyer after you gained control of the property, ...
Hello BP members, I am a new REI in Oklahoma. I have purchased my first property and I am curious as to what I should do about collecting rent. I am house hacking this property and for tax purposes I am trying to find...