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Results (10000)
Dustin T What to expect tax wise on this sale?
4 October 2005 | 8 replies

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
19 July 2024 | 7 replies

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
6 November 2020 | 3 replies

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.
25 August 2022 | 2 replies

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
16 May 2018 | 2 replies

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
3 July 2022 | 23 replies

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 ...

Tom Stanik purchase
23 August 2014 | 6 replies

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...

Dwaun Elam New Wholesaler just wanted to say hi
24 September 2011 | 6 replies

Hello all I am a new wholesaler and I was informed that Bigger Pockets was a forum to gain more education on the topics of real estate investing. I have chosen wholesaling as my niche with an eye of expanding into oth...

Joe Edwards-Hoff 1031 (or similar) selling rental for down payment on primary?
31 May 2020 | 3 replies

Is there any tax strategy to not pay capital gains tax if I wanted to sell a rental house and use the equity to help with the down payment in a primary residence?
We're looking at a home that it more expensive than w...

Natallia Lopez Is it worth investing on your own real estate license?
13 November 2018 | 1 reply

I’m just starting out but I’m really interested in pursuing my real estate license while I’m also searching for my first deal. Do you think it’s worth investing the time to become a real estate agent now or should I j...