John Richards
taxes - selling income property, lived in for several years
Hello everyone,I am 59 years old and I am selling an out-of-state (NV) residential income property that was originally my primary residence and I am wondering about what I can do to lessen the tax hit.I originally pur...
Morgan Nilsen
Putting aside money for taxes
Just closed on my first house in america 2 days ago! As a foreigner its a little scary trying to tackle taxes. So I'm trying to get some basics down before i dive into the details.I bought a house in Indianapolis. Pri...
Sanjeev Advani
Maximizing Investment Returns: The 5 Key Benefits of a 1031 Tax-Deferred Exchange
Both seasoned and new real estate investors have a powerful tool: the 1031 tax-deferred exchange. This strategy allows investors to defer capital gains taxes when they sell an investment property, provided they reinve...
Brannon Hamby
Sold a property, 1031 or pay the tax and shop more given mkt soft
Just sold an out of state property and shopping now to move those funds ($210K) locally (coastal South East market). I had planned to do 1031 but looking at average to below average deals. With the market trending...
John Gillick
Where are all the aggressive accountants?
I have had a lot of accountants, some good, some bad, but none of them will do anything but paperwork.
I'm ready for an aggressive accountant.
Where are the accountants that are going to tell me how to write off...
Danny Kaminsky
30K to get started in the Raleigh/Durham area
Hey BP community!I have $30,000 set aside for real estate investing, and I grew up in Chapel Hill and would like to stay in the area for at least a little while, so I’ve been thinking of buying a single family home he...
Ryan Igbanol
Receiving calls from addresses I didn't mail
Hello, hello, hello BP wholesaler nation!Since I began yellow letter marketing to Philadelphia about three months ago, I have receive A LOT of calls from folks attached to addresses to which I haven't mailed. I thoug...
Jake Faris
LLC creation: any gotchas for this joint venture?
Seeking advice here on the best approach, any gotcha's that I'm missing, and overall sanity check... My business partner owns a residential property in Seattle outright (the title is in their name and they paid all ca...
Jeremy Lee
Parents want to gift their portion of co-owned property?
Hey all,My parents and I are tenants in common on a property we bought back in 2007. My wife, kids and I currently occupy the property and the ownership split is 25/75. My parents want to gift their portion of ownersh...
Wes Brumit
Sub2 Deal worth doing?
House bought in 2009 with $115,000 left on 30 year note.
Pmts w/o Taxes&Ins = 705.11 @ 5.8%
Property taxes paid separately @ $3360/yr
Rent estimates at $1300/month
Ins pmts about $200/mo...