Mike Jones
Short Term Vs Long Term Capital Gains
Is it 2 years that you need to hold a property to be taxed at long term or 1?
Thx..
Ryan Kittrell
An escape clause in the Purchase and Sale Agreement
This is what is holding me back right now. I can't seem to find any form, no matter where I look, that allows me to essentially back out of the deal if I can not find a buyer within a certain amount of days. This isn'...
James Kendall
Qualifying for a 1031 exchange
Neophyte question about 1031- I have a "good " problem , I just bought an investment property,single family home to BRRRR. I just received an offer to purchase for twice what I paid. I haven't rehabbed or rented yet s...
Stephanie Lynn Narcisse
Need more information for a 1031 exchange!
I'm planning on purchasing a property (condo) soon. I was wondering if there is anything that might prevent me from exchanging it for a rental property like a duplex or a triplex? Do I need to rent the condo first in ...
Kairaba Burson
capital gains tax!!
im new and learning the ropes. i see a lot of people rehabbing and prefer it. are they getting hit with capital gains taxes or is there a way to lesson the impact of them? in a 15% bracket do you just get use to ex: 2...
Nick Gray
Are Short-Term Capital Gains 1031 Eligible?
Hi, I purchased an 8-unit set of townhouses in Seacoast New Hampshire in September 2020 and renovated all 8 units from October to January. The total project cost was ~$1.0M and now, based on current income/expenses an...
Esther Thomas
1031 Exchange Questions
Hi Everyone. My mom has a 4plex and I'm trying to run some scenarios on how to help her out. It might be too much (big maintenance headache) for her to manage in which case she would sell it.If she sells the 4plex and...
Kenneth LaVoie
new investor, finishing touches
I'm still "pre purchase" -- about to go look at some 4 units in town. I wanted to "put out" my intentions again, what I want, what I THINK I can get, and "who I am" and take some feedback!
I had started with the inte...
David Burns
Flipping - mileage as cost basis?
I'm a relative novice investor but I have done several flips and currently have one rental. I do my own taxes but have always struggled with where/how to expense mileage to and from the properties I'm working on. I ...
Matthew Izarek
First time 1031 exhange!
If I'm looking to buy and hold a property as a rental for a few months with my wife and then choose to do a 1031 exchange for either another property or multiple, is this a good plan?
Also we own a house currently a...