Jason Mead
Avoiding the tax penalty
Hello everyone! I was sitting here wondering what’s the best way to do this. I’ve just completed my flip house and am walking away with a decent profit approximately $50,000. My question is what’s the best way to take...
Gabriel Zew
Avoiding the Gift Tax
Hello BP Community,
My Sister would like to gift me and my other siblings our parents home, with our plan being to get a heloc on it and rent it out while investing the money from the line of credit into rentals or f...
Josue Vargas
Anyone used their 401K early distribution for REI? How is done?
Hello PB again!I'm using my 401K former employer early distribution for my REI this year (May-Jun timeframe). I have never done this type of transaction before and need advice how to do it. How much time will take f...
Bridget Gilder
Mobile Home Investor Tax Avoidance
In 2018 I opened a mobile home park with five units and my tenants are on HUD. I am trying to offset my earnings and am wondering if purchasing new units will offset the income so I can avoid paying all my earnings ou...
Preston Quinn
Tax avoidance strategies on flips
Hey guys, I have my first flIp under contract. If I keep my budget in check and I am rIght about the ARV. I stand to make a good profit. Is there anything I can do to now, while waiting to close to prepare for legally...
Nicole Holcomb
Property Tax Avoidance in California
Hi BP!
I have a client in San Diego that just inherited a 4 Plex worth $1,300,000. The property is in a trust and has been passed down to share between 3 siblings. My client wants to buy out his other two siblings b...
Drew Poniewaz
getting paid and avoiding taxes
I have been reading alot about taxes and 1031s but i never seem to see anything on how you pay yourself without having to pay the higher tax rates for gains and profits. My thoughts are that you can pay yourself of...
Lauren Cooper
Avoiding Capital Gains Tax Strategy
I just sold the house I'm living in for a large profit. Because I lived there for 2 years, I avoided paying capital gains tax on it.I found another house that needs updating that I want to live in for 2 years then sel...
Luke Babich
Retirement - Avoiding Capital Gains Tax
Hi all BP members, My parents currently own an investment property that is fully paid off. They are currently planning for retirement and they would like to sell this property in the coming years. It is not their not ...
Patrick J.
How to avoid LTCG tax?
If someone made 200k and had 250k in LTCG, then would they would have to pay 25% on the entire 250k since the LTCG is around 441k? Would their ordinary income rate also go up?