Purchase Money AnnuityAsk the seller to take back an annuity for all or part of the purchase price. The annuity lowers their tax burden by spreading the gain over years, and they will earn more money over the long run...
I have been search answers for this topic for quite a bit on BP network. Found some good articles here and there, but nothing solid. I am bit of jack of all trades but master of none kind of guy. Both me and my wi...
Warwick, Rhode Island. Side by side duplex with long term tenants. Current monthly rent toll is below market at $1700. (Previous owner dropped rent for one of the tenants from $950 to $700).
Newer roof, updated mech...
My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
Hello BP family. Any thoughts on obtaining mortgage loan insurance? not property insurance, but insurance that would cover the balance of the loan in case you lose your life and you do not want your family to incur th...
My mom and I are buying a house to flip. She will put up the money for the house and rehab. I'll be doing all the work. We're going to split the profits 50/50. This is my only job and will likely be my only reported i...
How does homestead exemptions work? From what I gather only your primary residents can qualify but I'm not sure on how or why to apply or if I even qualif... I'm new to real estate btw 👌
How is income from a seller-financed property treated from a tax perspective? I am considering selling a property that has no mortgage on it through seller financing. I know that if I were to sell it through a stand...
Did you know that you can claim up to 100% bonus depreciation for certain properties purchased in 2020?
If you’re not familiar with this tax savings strategy, bonus depreciation is a form of accelerated depreciation ...
Hey GuysI'm an Australian investing in the states and after seeing the air bnb rates people are getting in Hawaii in particular Waikiki, became interested in the real estate there. In other states in America I have be...