Nick G.
Property transfer to LLC - Tax implications for depreciation
In the following example: 1) I bought a rental property in 2011 for $100,000 which has been fully rented since.2) I transfered the property from myself to a single-member (myself) LLC in June 2017. The "sale" price w...
Jeff Uskert
250K/500K primary residence turned rental tax implications
Hello fellow big thinkers, First off wanted to register my appreciation of Bigger Pockets for providing so many of the answers I have looked for over the years. Finally decided to join and stop lurking so I could ask ...
Ramaiyer Ramesh
Tax implications of paying buyer outside of 1031
A prospective buyer wants to get a non-confirming loan (due to attractive 7 year rate). But they want to pay 10K less in purchase price as we are splitting some remodel cost. If the purchase amount is reduced, that wi...
Ethan Fischer
Tax implications of turning primary residences into rentals?
My wife and I are looking to buy our third property. Our first is a STR in a great market and is starting to cashflow. We bought it as our first property before buying our primary residence. We now have a primary resi...
Silas B.
Tax implications for new appliances and water heater
Hi all,I recently purchased my first 2 single family homes as rental properties and have a few tax questions. I purchased new appliances, new waterheaters, and new floating floors, as well as fresh paint throughout th...
Jay Yoo
Tax Implications for Limited Partners in multifamily syndications
First of all, thank you 🙏 much for your time in advance helping me understand the tax implications for multifamily syndication deals. I would like to be informed as much as possible so I could answer any questions for...
Manav Wadhwa
Mortgage for second home and any tax implications
Hello,I currently own a home that I live in and is my primary residence. I have found a (rental) property that I plan to buy in another city.My question is can I get mortgage on that property as my primary residence (...
Tim Silvers
Tax Implications of Seller Financing on rehabbed property
What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
Eric Taylor
LLC owned my husband and wife tax implications
My wife and I are forming an LLC to hold real estate we use for rentals. We live in PA which is an "equitable distribution” state. Should we own the LCC 50/50 or have one of us just own 100%? We are unclear if ther...
Grace Woods
City Restrictions on Short Term Rentals - Tax Implications
BP Team,
My husband and I are considering buying a vacation rental in Manzanita OR where licenses for short term rentals are restricted. The typical license wait list time is 6-12 months. We are ok with taking that t...