David Ashworth
1031 exchanges / Tax deferment
I hold land personally with my wife that I am selling and at the same time I am purchasing my first str. The str will close before the land sells and then I would like to recast the loan to pay off a portion with the ...
Chris Kendrick
Flip tax question
So when you flip a house and make profit from it, you basically getting tax alot, like around 40 percent, is that correct? How are all these people flippers making money , i assume that there ARV is really good then t...
Matthew Newman
Does buying this house in Los Angeles make sense?
My wife and I are first time home buyers in Los Angeles. We got married in July and we are looking to start a family in the next year. We are currently in Studio City paying only $1,400/month rent for our 1br apt an...
Keith Andrews
Capital gains tax on proceeds from parents home
I am hoping a BiggerPockets tax guru can help shed some light on things for me.My wife’s parents added her and her brother to the title of their primary residence in 2008 (because they were paying the mortgage for the...
Matthew Teifke
Depreciation Question Investments
Quick question here. When accounting depreciation on a property can you depreciate the appraised value of the home or only the equity invested. Thanks !
Pam Lords
subject to existing finance letter
Hi I found a home that is in per foreclosure process how do I go about writing a letter to the owner offering a Subject to Existing Finance can someone post a sample letter/template, and a letter to contact the owner ...
Gloria Duran
Real Estate Agent Mom and Military Wife??
Im new here :)I'm a military spouse and mother of two. We bought our first house with the idea of renting out when is time to move again. And we plan to do that again when we move to another duty station and if it's w...
Yoon Chong
Turning 1 primary and 1 rental into 1 primary
I'm looking to sell two properties, one primary and one rental, and use the profits to pay cash for a new primary. I'm wondering if there are some strategies to minimize my capital gains tax burden. Here's the situati...
Stephen Bass
to 1031 or not? Can bonus depreciation be used to generate similar tax benefits?
I'm working with family that is in the wind-down/retirement phase of their real estate investment careers. They have been actively managing a few small mulitfamily homes for many years and no longer desire to be acti...
Daniel Collins
Buffalo Market
Me and my wife are just getting started and we were wondering if anyone had any input on the real estate market in Buffalo New York.