Joined today...thanks!My hubby and I have owned our own plumbing co for 33 years.... but the expectations are getting old. Everything seems to be an emergency and folks seem to think we're sitting at home, waiting for...
My wife and I currently live in Washington state and own three rental properties. We are considering moving closer to her family in Oregon. I am a W2 remote worker, she works with our children. Is there any way to avo...
Hi,I purchased my rental property few years ago for 300k in Washington State free and clear and since then it has doubled it's value with capital gain around 300k. I'm planning to get married in 2 years and want to bu...
Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses. But I will have over a million in pure gross income coming in 25. Plus I may also sell some ...
A few years ago I helped my (retired) parents buy their most recent house by directly giving them a $100k cash down payment, and they would like to leave the house to me when they pass in thanks for the assistance (it...
With all the creative R/E investors here on BP lets chat and share about the loopholes you have used. Maybe loopholes is considered "taboo" to some so lets call them rules that seem to "favor" those educated (My new ...
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 f...
I think I know the answer to this, but if I want to reduce my passive income, is paying down the mortgage via extra principal payments reduce my passive taxable income or is it viewed basically as profit? (this is in...
HelloWe are considering selling our duplex in Chico, CA but are worried about paying capital gains on our property. I know to avoid this, we could do a 1031 exchange, but we are not entirely sure we want to stay in th...