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Tax on gift from foreign person
Hi,My parents are looking to gift me and my sister some money this year. I did some research into the rules on taxation for gifts from a foreign person and wanted to confirm my understanding (given innumerable loophol...
Frank Patalano
So what's holding you back?
When I help new investors with buying their first property I often want to know what is holding them back from pulling the trigger.So I'll ask here. What is holding you back?
Craig Lessler
Taxable Gain on a partial 1031 Exchange
Hello everyone. I am doing a 1031 Exchange and want to verify the portion of the gain which is taxable.1. Relinquished property is being sold for $159,000.2. Adjusted Basis is about $60,000.3. Fix up expenses to sell...
Jonathan Greene
5 Tips To Create A Real Wholesaling Business And Not a Chop Shop
I am generally not a fan of wholesalers. I find the majority of them to have low repair costs and high ARV. I see way too much daisy chaining. But...the good ones are fantastic. The good ones use some or all of these ...
Lendall Stone Knight
Tax Exit Strategy for Amazon HQ2 Properties
2 years ago purchased 2BR/2BA condo in 4-star building to live in; one year ago acquired two additional condos same building through 1031 tax exchange that break even on cash flow but lots of gain embedded in each fro...
Dana Yobst
Lawsuit Award for uninhabitable rent paid: taxable as income?
Hi, we won a lawsuit against our dubious landlord in SF (I'm a landlord too) as the house was well below habitable standards in many ways and resulted in personal injury and property damage. Out attorney said that hi...
James Wise
"Subject To" Real Estate Investing is Slimy. Prove me Wrong.
"Subject To" Real Estate Investing is as Slimy as it gets. There are ZERO situations where it makes any sense for a seller to sell their property in a "Subject To" deal. The only times these deals happen is when some ...
Paul F. Kershing
Converting a rental property to primary residence?
I currently have a rental property with substantial assets gains. Since I will hopefully be retiring within 2-3 years, how can I avoid potential tax consequences? Can I opt to make it a primary residence?
Roshan K.
How many of you are financially free?
How many people are financially free on here? For those of you who are, do you still work or are you "retired" and living off the cash flow? If you are financially free, which method did you use to acquire it? (ie buy...
Brian Bradley
Asset Protection for Real Estate Investors
Hello BP members and investors. I am an Asset Protection Attorney specifically for Real Estate Investors. I see lots of questions on this topic about how to structure your companies and protect your investments, but n...