Daniel Dietz
Passive Losses Offsetting Pasive Gains?
Hello All, There is lots of talk on here about Passive Losses and if there are deductible or not and if so, to what amounts. To my understanding, if you are NOT a 'Real Estate Professional' (which I am, but have never...
Dylan Willbanks
Most bang for my buck
So I'm a 22 year old investor just starting out I started flipping my first house this year and I plan on being finished with it in a month or two and I've been looking at how to invest my profits for the most return ...
Shahad Choudhury
What are the tax conciquences of house hacking?
Hello,
I've been reading a lot about the taxes involved with house hacking a SFH, but the main thing I can't figure out is what is normal/expected by the IRS for calculating the percentage of the house that shared ...
Will Lenz
First flip goes great!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $215,000
Cash invested: $50,000
Sale price: $349,999
My wife and I purchased the home from a f...
Niklas Zhu
Cost segregation recapture on a teardown property
First, appreciate all the replies to this topic. The reason I post this here is because I got totally different answers from two CPAs
Here is the story:
I bought the house as investment property and run it as STR fo...
Karen Seale
How to calculate 1031 Boot Taxes
Hello everyone,We have been searching the posts here on BP and still haven't really found a specific answer to our question. How do you calculate tax on a 1031 Boot? Here's our situation: We sold one property and...
Anders Jax
Best books on RE Private Equity?
So Im working on organizing a real estate private equity deal and its getting a bit more complicated than I think it should be, but I need to understand all possible structures and figure out if what the GP is pitchin...
Kevin Van Ness
Pass Through Income
I have several rental properties but have never formed an LLC. With the new tax law coming I keep hearing about the pass through income for LLCs. I am wondering how I am currently taxed on the profits I make from my...
Brian Orr
Tax question for flips - non 1031
Hey all,I figured out I can't 1031 the flip I did this year... but... I bought/sold it with my LLC and I'm looking to close on another residential property before year end under the same company with the funds. Does a...
Ethan Aycock
Long distance investing
I live in an expensive area. Would it be better to long distance invest or short term to begin with?