You are taxed for the capital gains whenever you rehab a home for a profit. True or not true? I've heard about this many times and never actually got a clear answer. Your help is always appreciated.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/47385/small_1621409161-avatar-baruchmax1.jpg?twic=v1/output=image&v=2)
I had a couple come by this weekend to look at one of my rentals. They seemed very nice people, were very respectful. They wanted to fill in an application and went to the ATM to withdraw cash.
The husband called me ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/21180/small_1621361186-avatar-olowshinenine.jpg?twic=v1/output=image&v=2)
Why would a single filer full time employee for ABC company making 100k per year in the 28% tax bracketEver want to becoming self employed and have to start paying self employment tax? So basically 28% + 15%?What is t...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/948891/small_1621506085-avatar-aramv.jpg?twic=v1/output=image&v=2)
Hello! I'm in the middle of my 2nd year of Self-Employment and it's been a challenge to get a Cash-Out Refi without 2 yrs of Tax Returns. I claimed losses on my first year 2017, unaware of how unattractive I'd be fo...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1095790/small_1621508808-avatar-matthewa130.jpg?twic=v1/output=image&v=2)
I'm looking to make my first real estate investment purchase. I currently have an IRA with $80,000 that I would like to utilize for my first investment. I cannot add to the account at this point, it was a rollover fro...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1141310/small_1621509502-avatar-cmcnabola87.jpg?twic=v1/output=image&v=2)
NYC investor looking to buy a MF property within reach of NYC and have been leaning towards Philly lately. I know the city has a pretty bad wrap when it comes to living standards/neighborhoods/crime/etc... however it ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2173120/small_1629230756-avatar-christinag84.jpg?twic=v1/output=image&v=2)
Hi,
I left my W2 job 12 months ago and am now fully 1099. I am in the same industry, and my income has risen. I reached out to a mortgage broker and a large bank who both said I will need 2 years of tax returns to ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1194751/small_1621510083-avatar-narinderg.jpg?twic=v1/output=image&v=2)
Any experience with this product offering? Is it worth it? 2500 to set it up and the 400 a year maintenance fee. Allows me pull money out IRA and invest it into real estate.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2714884/small_1694552792-avatar-kristineo4.jpg?twic=v1/output=image&v=2)
Hello rockstars! Especially to landlords. This is the first time that we are renting out to someone for midterm rental. My prospect tenant just completed his application form/background check thru avail.co. Can i as...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2328134/small_1694631160-avatar-jessicaf146.jpg?twic=v1/output=image&v=2)
I'm self employed, but last year my duplexes took priority and earned me the distinction of meeting the IRS definition of a real estate professional. I'd like to take advantage, but I can't see how to do so. I have lo...