I recently learned a bit, but not enough to be confident about cost segregation studies. I’ve bought two properties this year and wanted to talk to my CPA about it. I left a message and haven’t been called back. La...
I bought and rehabbed a house, planning to hold as a rental. I have since decided to sell. I have an option to sell on a land contract and I am trying to figure out the tax implications. From what I understand, I will...
Someone reached out to me about selling a primary residence they've owned for 14 years, and rented out for the last 18 months.
I know just enough tax stuff to be dangerous.
The gain on the 14 years is tax free up to...
Hello everyone,My wife and I are going to be starting new jobs. We are in our 20's and we will both be W2. We will be very far into the 39.6% federal level. We were interested in real estate investing to help offset t...
Hey everyone,
I am a new investor that closed on my first property back in June of this year (new construction) and will be closing on my second (a BRRRR property) in the middle of December. Now that tax season is ar...
Hey guys,
I'm looking to buy a single family home in fairfield county in connecticut. It's about 50 minutes drive (assuming no traffic) to NYC so property ...
I’m a long-term Bitcoin investor looking to purchase a new primary residence. Since I have no demonstrable income, and don’t want to liquidate my holdings due to tax implications, I was planning on getting a Bitcoin-b...
Hi,
The point of this message is to try and find out what a good real estate investor does when crunching the numbers before they acquire real estate. Can you please look at what I did below and tell me the pos. and ...
I've just set up a self-directed Checkbook IRA to use for real estate investing. Just want to be sure I'm not overlooking something relating to fix and hold investing. One of the major benefits to holding a rental pro...
Hubby and I purchased one duplex 6 yrs ago. After mortgage payments/insurance/taxes/expenses. We are at 0 profit at best, some years have been at a loss which helped cut our personal taxes.
Want to purchase 2nd pro...