Michael Glorioso
Real estate licanse or not?
I currently have a job that pays about 2000 a month or 14/h. I have already taken to realestate class once but failed to take the state exam. I am mainly interested in real estate investing. Now to get to the point, s...
Matthew S.
Depreciation Recapture Tax
What is the best way to delay or avoid paying depreciation recapture tax? It is my understanding that when you sell a property, you are required to pay back all of your accumulated depreciation at a rate of up to 25%....
Colte Utley
Commercial Loan 15 year amortization with a 5 year balloon
Can anyone help me with my situation? I have had a a commercial loan on one of my properties since 2017. I was told that I was getting a 15 year amortization with a 5 year balloon. The balloon payment is due in the ne...
Taylor Null
Looking for advice on turning my primary home to STR in Austin
Hey y'all,
I'm wrapping up my live-in renovation of a property in South Austin. I would like to keep this property and use it as an STR. However, I would like to move out and purchase another primary residence.I have...
Michael Myers
How to Add Refinance Costs to a Property's Cost Basis
Hey Everyone! I've been working through Brandon Hall's guide to the treatment of closing costs (link) while finishing up a refinance, and I think I have everything figured out except when he says that some costs are "...
Sheen Jowl
tax implications when moving properties into LLC
Hi BiggerPockets,I wonder if anyone has experience in moving properties from personal name to LLC. The properties stayed on my 1040 Schedule E for a few years and have accumulated loss when depreciation is included. H...
Eric Horvat
Equity sharing family
My wife wants to sell our home next year after retirement so we can move closer to grandchild. Our daughter has 2 homes with mortgages and is currently using one as rental.Can we share equity by using our money from ...
Roger Allen
Capital Gains on Inherited Property 15 Yrs Ago
Hello BPers. I have a guy that is selling his property he inherited from his grandfather (found it by driving for dollars). He passed about 15 years ago and the house has been vacant the entire time. It’s on 3 acres w...
Account Closed
Does Real Estate have to be personal?
I have always considered Real Estate a personal business. The traditional Realtor who builds relationships and gets their clients that way. The investors who network at meetings and become friends. The schedule can of...
Tee Allen
2 homes on a lot
Iam currently trying to evaluate a deal and its 2 homes on 1 lot is that considered a multi family home the property has 2 separate entrances to the properties I am lost to what I should offer her I am scheduled to go...