I have a 12 unit under contract that was supposed to be seller financed. The terms were 0% down for purchase price but we bring all rehab costs to escrow, 1 year term. The seller then discovers after talking with a 10...
A question that I am frequently asked is whether or not passive investors are able to benefit from a cost segregation study. The strategy is more often talked about relative to active investors, however with the right...
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...
Anyone else have the thought that good cash flowing rental properties will outperform index funds over many years hands down? Even if I don't utilize the BRRRR method or force appreciation it still looks like a better...
What are the tax implications for the seller in an owner-financed deal? I've identified an off-market property that I'd try to get seller financing on. They've held the property for a couple decades, and would likely ...
Hi, I was hoping to get some clarification on the Safe Harbor law. We are considering moving into our 1031 property and making it our primary residence. We have rented it out the past 3 years. What happens with the ...
Hello all! I have read through the IRS documents in this subject and can’t come to a clear consensus. Here’s the situation: I and my spouse got married in our thirties and both owned a residence. We got married Decemb...
Hi there, I'm just looking for some feedback on my situation and some insight on opportunities I could take to help maximize my potential when it comes to real estate.My Situation-Left active duty and bought a single-...
When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain? H...
Hi all -Tax question. If you are a licensed real estate agent and end up selling your own property, do you still get to write-off the real estate commission against your profit/loss on the sale?