I'm involved in an assignment or a double closing. Party A is selling her home ( personal not eligible for 1031 I dont think) for 375,000 to party B, then B will sell it or assign it to Party C for a FEE of $50,000.
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Just looking for a bit of advice as I have found some really intelligent answers in this forum before.   I have a house in San Jose, California that I am contemplating selling and need to figure out the best use of th...

Hello,

Just wanted to ask this to make sure I understand the tax ramifications correctly before venturing into a buy, fix, sell property.

If I owned the property and sold it in under a year, lets say...

Earnings too high to claim passive losses?
so what happens if you have lots of passive losses on real estate - but your active income is over 150k? is there a way to still claim those loses if you are a full time emp...

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 investors,My husband and I are high income W2 earners and invest on the side in rentals and notes.We got hit hard in tax liability, even with tax law changes. Any recommendations? If there’s other W2 folks out ther...

I've been reading many different threads, and I find all of them really fascinating. Each one is it's own story, yet in a way they are all related and you use the same tools to solve the problem(just like in poker).

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Looking for some insight and recommendations based off of what worked well for others. Here's the background info:My wife and I bought a small house, 2 bed 1 bath, in 2018 and rehabbed it while living in it. We moved ...

Hello everyone, this is my first post on the forum, but I have been reading an learning from many people on this site for quite some time.

So im tired of giving the IRS all of my income, and I have been reading about...

I just read an article by Michael Creel about using a non-agency agreement to receive SOC at closing. If I approach a listing agent with this, what might they say? Does anyone have any advice or disagreements about us...