Colby Shelhorse
Tax Question for HSA
I currently work a W2 job and they are offering a Health Saving Insurance plan starting in September 1st. I am going to close on the sell of a property with a good amount of profit around August 15th. My question is c...
Emily Poplawski
House Hacking on the down low
Hello. I was looking into House Hacking.If you do not depreciate the portion of the house which is rented, when you sell your home, can you qualify for the full capital gains exclusion?Sources:https://www.biggerpocket...
Olga Daisel
Renting and then building on the same lot, tax questions
I have a rental that I'd like to demolish and then build a new house for sale. Can I use 1013 exchange when I see it or not?
KATE HARDY
⁹Rental properties Tax Nightmare
So I had to switch tax pros this year, my last one passed away a couple of years ago and I mistakenly let things sit on the back burner too long. I've never had any issues with my taxes before. (Now I have a couple of...
Orkeem Davis
Looking to sell duplex to have more liquidity to purchase 4 plex
I have owned my duplex for 2 months in Ventnor, NJ and I have since renovated the 2nd floor apt one and I have refinished hardwood floors throughout. Presently, the duplex is bringing in $2100 monthly for both units....
Account Closed
Lots of Random Wholesaling Questions From a Newbie
Hello BiggerPocketeers!I am preparing to start marketing for wholesale deals as a side hustle and have run into a few questions that I need to be answered before really getting going. Context: I have my real estate li...
Michael DeCicco
SubTo Deal - Lien Question
In a SubTo deal, as the seller, can someone walk me through the lien part? Placing a lien on the property to guarantee payment from the buyer, what if the buyer wants to sell/refi? Does the buyer always have to pay of...
Account Closed
Should I Sell or Rent it Out - What Would You Do?
I have a question for you seasoned Investors.
We bought our first house 2 years ago - a really good deal on a foreclosure and we paid $84K. The same house was valuated at $135,00 from the outside only. Due ...
Camden Smith
1031 Exchange through a family owned property
My dad has 4 duplexes. I want to buy 2 or maybe all of them. He wants to role the sale proceeds into a 1031 exchange. Is this legal to have a family member buy your properties.Also... my Dad would also be "the bank" f...
Brendon DeSimone
LLC bank account for proceeds
I buy each house I buy/renovate/sell in a different LLC, solely for the purpose of the investment. When I close, I have to open up a new business bank account, just to deposit the money, only to close the account week...