Hi, looking at doing a 1031 exchange; property being sold will net $545k; capital gain will be around $150k and I will end up with around $320k in cash. Let's say I find one replacement property for $320k that I buy ...
Hi everyone, I'm a new investor in Augusta Ga... I just bought my first fix and flip property at foreclosure. I will have the closing in a week and then I'll start the rehab.
My end goal is to buy and hold multi fam...
Hi there, my question is really around taxes, I'll admit it is not my strong area and I do have an accountant that I will advise but figured I would see what discussions are generated here.So for my example, I have an...
Deferred Sales Trusts seem like a viable strategy to defer capital gains. But really the only info out there on them is marketing material (I'm talking to you Brett!). I've talked to a few tax accountants and attorney...
Hello bigger pockets getting ready to do a 1031 exchange in corona California. First time ever for us we are selling a commercial building can use any tips or pointers. Also what kind of properties should we be looki...
Hey, Started to gate tapes from different sellers recently and i noticed a few columns which i'm not sure how to interpret and what is their impact - Corporate Advances/Deferred Balance, can anyone shed some light? is...
Hi, I have a question regarding the 1031 Tax Exchange and if my parents are able to use it or not. My parents own two houses in Washington State and are looking to get rid of one of the houses. It has about 10k left o...
recognizes an installment sale as a way to defer a capital gain on a property sale. This can save on taxes by avoiding a bump up into a higher tax bracket if the seller had a huge gain." How do you pay less taxes by d...
I've been speaking to a seller who relocated out of state due to work in June, 2011. He lived there for at least 2 years, so if he sells before June, 2014 he can avoid the capital gains tax. His current lease with ...
Hey guys I’m new at the investments , any recommendations about if to open Trust or LLC for mostly Brrrr method and flips sometimes.. I want to know why is better and what advantages . Until now I just plan to put it ...