Account Closed
Property Investment Summary: 7672 Bernardo Dr, Riverdale, GA
Investment Info:
Townhouse fix & flip investment.
Purchase price: $70,000
Cash invested: $38,000
Sale price: $205,000
Property Investment Summary: 7672 Bernardo Dr, Riverdale, GA
This proper...
Julie Muse
Millgate Drive Flip: Big Gains in Spring, TX with Otis 'Lee' Sams!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $115,000
Cash invested: $33,396
Sale price: $225,000
Contributors:
Peter Vekselman
Partner Driv...
Lindsey Iskierka
1031 Exchange on Small Owner-Occupied Multifamily
My husband and I are selling our triplex here in Long Beach, CA. We purchased it in September 2016 and have a significant amount of equity that we will use to purchase properties with cash out of state. We lived in ...
Guillermo Lopez
Capital Gains on sale
I am selling my investment property through my company and what I like to know is capital gains is reported the year of the sale or 12 months from the sale? Is there a CAP on capital gains? If I reinvest the net pro...
Julio Gonzalez
11 ways to lower taxes when selling your property
Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...
Joseph Hernandez
Tax Lien Investing
Hi everyone!
i've come across some vacant/boarded up properties that i've been attempting to flip. During my research some of them are defaulted taxes facing auction or haven't been paid yet. I'm assuming i could pa...
Daniel Alfandre
Building a house for parents - tax savings?
I am managing the construction of a house on an investment property my parents own. They said they would pay me a fee and split some of the sales profits with me. Any tax savings I can get on this type of relationsh...
Peter Lee
Can capital gains be rolled into another property via 1031?
Wondering if capital gains from a sale (and capital gains only) could be taken and rolled into a different property via 1031 exchange to avoid the tax hit. Or does one have to take all the proceeds and roll them into...
Holly Rust
No luck in Finding House as Owner Occupant
Looing for advice as future Owner Occupants, but still wanting a "deal" on a house that we can fix up and bring us profit when we sell.It seems we started looking when the rest of the world started. There were several...
Andrew M.
The Joy of Buying Short Sales
Just closed on buying my first short sale...a condo in Ontario, CA. It came on the market at $99k...too high, was lowered to $89k where I first saw it. I offered $76k and then for some reason the bank came back to m...