Adam Sanders
Selling a rental property after pulling out equity
Looking to better understand process for selling a investment property that has deferred tax through depreciation that has been refinanced recently to access equity for another investment opportunity. When i sell i w...
Bob Taurence
Exempt from Depreciation Recovery
I was told by a CPA that my 15 year residential rental property will not be subject to 'recovery' since it was bot 2/08/84. It is fully depreciated. He said entire gain will be taxed at 15% cap gain rate. Is this ...
Don Harris
I got a 28% guaranteed return on my investment today, you can too
Got my tax return back from CPA today and ended up paying IRS more than "my fair share" but paying taxes is a good problem. Uncle Sam made me a deal though, since I opted to deposit an additional $13,000 into our SDIR...
Moe Khan
Selling land in the Bay Area, CA and using money for BRRRR.
Hello BP Community,
I live in the Bay Area, CA and own a couple of rental properties. A couple of years back I bought a 0.5 acre land with cash for Multi-family construction. At this point in time, I am trying to fig...
Aaron Rosenberg
Help! I have a tax bill and not a refund for the first time!
I'm not sure if I've succeeded or failed. This is my 8th year using TurboTax. I put in the Schedule E's for my two completely-owned properties and for my mortgaged property. I put in my W2 and my wife's W2. The so...
Thomas Kramer
Alabama Tax Sale Certificate and Ejectment
Let's say you purchased a certificate from the 2019 tax sale and the administrative redemption period expires in 2022. The property is vacant, not abandoned, and the notice to surrender possession was mailed and rece...
BJ Butler
Loan repayment going towards mortgage
In the last 3yrs, I have loaned a couple some money that has totaled approx $15,000. This includes cash and items charges to my credit card on their behalf. Yes, we have a contract and I keep the receipts. As we appro...
Nicolas Mayta Canlle
Best STR Investments!
Getting into some analysis paralysis, so I want to hear your stories!1. What has been your most profitable STR?2. Where was it located?3. How much capital was required for the initial investment?I appreciate your insi...
Michael Siladi
20-50 unit apt building or flip
Hello BPers, long time reader, first time poster. I currently own 12 Apt’s in Fairfield county CT and about to sign contracts on 10 of mine to sell. Looking into doing a 1031 to defer taxes. My question for y’all: is ...
Ross Bowman
I don't really want to 1031. Am I wrong?
I'm selling a property and I'll only owe approximately $4k in taxes on it. I spoke to a QI who quoted me around $1500 to do a 1031.I generally try to *legally* avoid giving the government tax money, whenever I can avo...