I currently have a rental property with substantial assets gains. Since I will hopefully be retiring within 2-3 years, how can I avoid potential tax consequences? Can I opt to make it a primary residence?
We live in WA (no income tax so far), but are looking at an investment property in OKC. Does it matter which place our tax accountant is in?
I plan to use some of my IRA funds as a down payment to buy and hold income properties. What type of lenders are out there? Will this be a commercial loan? I hope not :(TIA
Hi All,Just got into the business and just got my first house rented. I have a 30 year loan I want to pay off in 15. I am wondering what strategies there are out there to do that. Is it possible to save say $200 a ...
Not sure if this is possible: I am looking for ideas on how to legally add someone (or an LLC) to the title of a property without necessarily having to obtain a new loan.
The background: My partner currently owns a ...
Hello all,I'm currently looking at a potential MF syndication deal. I started investing in syndication this year and have been learning through books, online, and various podcasts. One of the things I came across was ...
The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".
Am I correct to assume that's essentially income?
If so, from a tax perspective...
"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...
Hoping for some tax advice. My wife and I are young professionals. Our income is around 300k combined, we file joint. We have two rental properties. We gross 17,800 on one and 60k on the other, so total rental income ...