David Miller
Taxes on Capital Gains, special case
Hello BPers! The deal: 1. You have a paid off mortgage on an investment property intended to be an inhertance.2. There are 2 family members on the deed.3. One family member is retired and shows less than 35000 per ye...
Alyscha Johnson
Presentation to Hard Money Lenders
What should be included in a presentation to a hard money lender? Should the presentation be over the phone or in person. Finally, do HMLs require a down payment on the loan? If so, what percentage of what?
Anthony Jackson
Help please Refi and sale question ?
Good afternoon guys I have a question about doing a refi. My question is if I do a refi on my house can I sale? I have a lot of equity in my home and I’m thinking about moving but I want to invest. So my plan is to re...
Gwen Speicher
I need help with retirement and tax strategy!
My husband & I bought a 4-BR home for $75K cash in 1988, and over the next 15 years put $50K+ into improvements, including construction of a detached home office. We took the home office deduction for several year...
Account Closed
How to structure a deal that allows the seller to pay less taxes
I have a lead that is considering selling. It is an SFH that he has not lived in for over 5 years. The seller wants to avoid capital gains taxes. I will give him a 1031 Exchange as an option. Anything else?
Seth C.
Dead simple legal structures to use IRA in RE?
What are the simplest ways that someone can invest IRA capital in RE? Can they make private loans with or without a lien, invest using their own name, a limited partnership, etc? If LLC, does the money have to be pass...
Maria Bocanegra
Analyze my potential deal - seller financing and tax issues
All,I am hoping to get some feedback here w/ potential seller financing (I am the seller). I am a lawyer by trade and am generally not too good w/ understanding tax numbers, etc. I will try to keep it simple - any fee...
Brian Bellanca
Adjusted Basis of Rental Property?
Hi All,I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my re...
Mike Eichler
Navigating Poconos Townships and their STR rules broken down
Hey BP,
Preface: I wanted to get on and detail some info you should know when looking into the Poconos market. As you know, STR is an ever-growing business, and with that comes regulations and restrictions. As ...
Dave G.
Calling all CPAs - Depreciation Recaputure Tax Rate
I've performed searches on this topic and cannot find anything definitive regarding my inquiry, so posting my own.
What will be the depreciation recapture tax rate I have to pay when liquidating a rental - flat 25% o...