Patrick McGowen
Tax implications of roomate for owner-occupied
I friend of mine asked me if she should depreciate her home or not as she is bringing in a renter. Her CPA is going to run numbers for her, but I told her I would ask BP community if you had any good insight or innov...
David G Vreeland
Owner Financed With Existing Owners Mortgage
Question: Is it possible to structure this deal where the current owner is able to keep the existing mortgage, while paying them off over time?Also referrals to someone that could structure this deal are appreciated,...
Dustin T
What to expect tax wise on this sale?
Purchase Price = $126,500
Sell Price = $185,000
Don't think it matters for this, but Debt currently on it = $126,700 (purchased with 103% loan).
Owned for 25 months
I was told an Excise tax in the area of $3500.
Ca...
Iris Wu
1031 exchange on a property with promissory note
I have a property with a promissory note from private investors. Would like to understand 1031 exchange rule to understand what is considered as boot that would be taxable. Here is the scenario.The current property pu...
Daniella Steinberg
Financing via LLC or Personal - First purchase
Hi - wondering the pros and cons of payment terms for a first purchase.
Interest rates are so low, that financing is ideal. But how does one gain financing for an LLC property for the first purchase? If I buy with c...
Wesley Adams
ISO Recommendations for CPA with Syndication Experience.
Hello,
Here shortly I intend to transition from SFH's into a more passive role with syndications. I'm looking for a CPA that can help me understand what to expect regarding taxes when I sell my SFH as well as in the...
Erik Schilling
Bank forcing 25% down on primary residence for no reason
Hey BP,
I finally have an accepted contract today for a new property for a new primary residence. It is right across the street from where I live now. Both properties are condos. My lender is working with underwri...
Sheri Fluellen
How to get 10%+ passive income
I’ve been real estate investing for over 15years, acquiring a large nest egg of net worth. The problem is we aren’t getting much cash flow from the portfolio for a variety of reasons and our rentals, flips, and short ...
Josef G.
I Have Questions About Real Estate Developemnt
Hello so I am 19 and I plan to begin investing in real estate development within a few years.. i have come to gain a good amount of knowldge reading forums online but I have a few questions... I will be developing in ...
Tom Stanik
purchase
Looking to purchase a multi unit property with a 20% down payment. Lets say the property will sell for one million dollars. What is the better option for the down payment: sell securities and pay the capitol gains o...