I am selling a rental property in Virginia and am deciding whether to cash out or to defer capital gains of around $220,000. This is the first time selling a rental property where I will have to pay capital gains. I a...
If a property has used all depreciation, What is the next move one should consider? Sell and do a 1031 Exchange?
Can someone explain what the difference is between not living in a house flip versus staying the 2 years? And is there a difference between living there for 1 year and 2 years? I'm very new and I'm trying to understa...
I am an real estate agent and investor in CA. Me and my wife have bought a condo and used as our primary residence from 2016 to May 2021.
We rented the house out to tenants in May 2021.
In July 2022, we transferred ...
We want to do right by our property manager and ourselves. We own a multi free and clear and want to get it into his hands, but also want some income till we die. If we sold the multi to him for no money down and 5% i...
If two people are on title of a free and clear house. After rehab and refinancing and closing the house is titled into one of the two people at the refinancing. There’s no capital gain shown due to it being a cash ou...
I've Learned a ton about accounting lately, but I just can't seem to figure out depreciation.I bought a rental property for $25,000 in 2012. I was paying back $500/ month at 4% interest to a private investor. I sold t...
I would like to know, is it more profitable to invest in commercial or residential property for rental income. And what is the reason for whatever the answer is?
New to REI this year, but prepping my files for taxes in the future. Besides the bookkeeping files from my PM, what are other things I should be preparing and filing to get the best tax benefits with REI? Do you guys ...
This year I sold a rental property with a capital gains of 60kI’m looking to reinvest in something that will reduce my tax liability. I get a lot of ads on my Facebook feed regarding investments that may do that looki...