Is anyone familiar with the rule listed in the title and is anyone that has a full-time job in another industry using this rule? The first two CPAs I reached out to advised against this. Looking for someone who is suc...
Hello! I'm a new investor seeking help with a long term situation. While I was I the service, I was stationed in Valdosta, GA. I purchased my first home in March 2008 through a VA loan (0 down payment) for $159,000 w...
I have no rental properties at the moment, and I am in real estate investment learning mode at the moment. I am in the military and will be moving at the end of 2023. I currently own (not paid off) a condo and I am lo...
Hello all,Wife and I are high earners with busy jobs and limited spare time (total salary >$1.2M/yr). We don't live lavishly, pay a ton in taxes, and are making traditional investments. Our savings are starting t...
The Federation of Exchange Accommodators (FEA) yesterday issued the following comment in response to President Biden’s American Families Plan, which proposes capping Section 1031 like-kind exchanges at $500,000:
Pres...
Newbie here.I am interested in finding lists of CURRENT property owners who are delinquent on their taxes. (Not interested in lists of properties that have already been forecolsed on for tax sales.)Any tips would be ...
I am nearing the finishing touches on my 1st flip and wanted to know how much capital gains tax I will be paying? I purchased the home through the county auction in March? What % will I be required to pay?
Note - Thi...
This was my first year wholesaling part time here in DFW. I made a decent chunk of change doing it, about 40k. My question is when it comes to taxes, should I utilize a real estate tax professional at the end of t...
Someone sent me this email so I wanted to post it less as much of the political spin as I could subtract as possible to get a sense for how much of it is accurate. Here are taxes that will be coming for 2011 accordin...