Enrique Reyes
Affidavit of Continuous Marriage Florida
Hello BP,I encounter a situation where I am purchasing a piece of land from someone who Spouse passed away. The county instructed me to provide them original death certificate and to remove the decease from the Deed. ...
Brandon Schlichter
Lost money on a flip in 2016, how does it impact taxes?
Bought a house mid 2015, did rehab work on it over several months, sold it in 2016 at a total loss of $25k or so.My question mostly is whether that loss can be depreciated or carried over several years, or has to be t...
Jackson Sandland
1031 with co-owned property? What is possible?
I inherited a property with my brother - we're planning on selling and doing a 1031 but can we both 1031 individually? For example and for simplicity, say the property sells for $500,000 we will split the proceeds so ...
Ethan White
TAXES ON PASSIVE INCOME??
Hello everyone, this is my first topic post and my question is i have bought a doublewide in a park for $800/mth mortgage "includes rent space" and am renting it out for that. Owners insurance is still covering it. It...
Travis Michael
What are the benefits for a seller to finance?
A family friend has offered me a great deal on a duplex. I don't have bad credit... but before I start the process of finding financing I'd like to approach the seller first. What are some good points I can make which...
Paul Gottshall
Sale of Self-directed IRA property
We're looking to use self-directed IRA money as a down-payment on a quad, with 28% cash-on-cash return, so are pretty excited about it. I may not be thinking clearly, but eventually think we'll want to pull it out of...
Abby Peng
First rental property - Bremerton WA or Bloomington IN?
Hello BP! I'm new to real estate investment and BP, looking forward to connecting with more people here. I'm trying to get some suggestions for my first rental property investment. I currently live in Bremerton WA wit...
Nitin Dhiman
Holding period question for 1031 exchange
Hello experts,I believe that for a full tax deferral of profits through a 1031 exchange, I need to have occupied the property for at least 2 of the last 5 years. A rental property that own was occupied by me for the f...
Alex S.
Quitclaim & Gift Taxes
In 2008 I purchased my mother a house. In March I found out she was facing foreclosure. She didn't want to tell me, because she knew I gave her the house to live in and not borrow money against. So anyway I paid the m...
Barbara C.
Taxing and wholesaling business
After reading lots on this forum, I realize that I do not need to create an LLC but an S-Corp for purpose of (personal liability protection only) . Since the taxing will pass through to my personal income thus the sa...