Keegan Darby
Math on a holding vs selling
We have a rental property that is now vacant in a C-class area. Monthly mortgage amount is $780/month (PITI). Market rent is $1,300/month. Loan amount left is $132,000.If we list it, we can sell at $205k and assuming...
Peter Kandra
Partnership Tax Return
This is mostly a theoretical question for now, but will most likely become valid in 5 years or so. I own several properties with a neighbor of mine that we operate under an LLC. We file a partnership form 1065, and ...
Peter Morgan
Should I sell & reposition for better returns
Hello,My PITI was $3200 and now suddenly increased to $3700 because of a recent property tax rate increase. Property tax is a whopping $15000 per year now not based on assessments.I make decent rents close to $5000 wh...
Lue C.
What will you do with this rental property?
Hi everyone,I'd love to hear your opinion on this one. What would you do about this rental property if you were me? We (my wife and I) bought this 3 bedroom, 1.5 bathrooms single family home at the height of the mark...
Adam Jaggers
Buying Real Estate to Offset Short term Capital Gains
Hello BP!I'm in a somewhat interesting tax situation this year and I thought I'd get some feedback on my strategy (having never done it before). I'll be selling a non-real estate asset (portion of a business) for a si...
David Ellis
Replacement Property bought at less than sold property
I have another scenario to discuss. Before that, yes I'm doing a 1031 exchange and the funds are in the account now using an intermediary. So here is the scenario:Sold Property for $85,500, original purchase price was...
George P.
Selling fully depreciated free-n-clear rental - minimize tax
Is there a way to sell the fully depreciated free-n-clear rental property and minimize the tax liability? Except for 1031 exchange - are there any loopholes?
Maybe if the seller finances the purchase, the tax liabil...
Scott Trench
Can I 1031 $600K from a rental property into a Syndication?
Hi Folks, I have a question from a listener who emailed me and I was not able to answer the question, having not come across the situation myself. Here's the question: If I sell one of my rental properties- let’s say ...
Elizabeth M Williams
Accredited Investors & Taxes in Multifamily Syndications
I've had a number of enquiries via my site by people who'd like to invest in one of our syndication deals, but can't due to either not being accredited, or the majority of the deals being open to accredited, not sophi...
Nick Letourneau
Sell Rental Property converted from Primary Residence
Sorry for the re-post, but I think this is a better forum in which to ask my questions.I am thinking of selling my former primary residence that I converted to a rental property when I moved. I have tried to figure o...