John Hall
2 Year Capital gains tax question
So my GF is going to be coming up on 2 years in her house, I'm talking with her about renting it out after 2 years, and then buying another house to live in for another two years.
My question is, does the capital gai...
Altin Velaj
laws off short sale
i have a client that im about to do a short sale.she has several properties and a couple off restaurants. If i do a short sale for her will the bank go after her for the remainder off the balance? 2) does she have to...
Wilson Pereira
LLC taxes on real estate income
My wife and I formed a WY LLC that is an asset holding LLC and a member of two other LLCs, one in NC and the other in FL. My wife and I are the only members of the WY LLC. I have rental income for the NC and FL LLCs. ...
Jay Hinrichs
Question for short term rental owners
I wrote an earlier post about a Columbia River front A frame cabin we just acquired it has a nice Pier and Dock which is grandfathered in.I of course now need a boat or multiple different water craft.WE are going to o...
DAVID LABORDE
REAL ESTATE PROFESSIONAL-TAX BENEFITS
Could someone please put in layman's terms the tax advantages that a Real Estate Professional enjoys in real estate investing? Thanks.
Antonio Signorelli
Are mortgage delinquency rates going to increase in 2024?
Hi BP friends!
I am curious to hear your thoughts on the real estate market outlook for 2024. Specifically on whether the high interest rates will lead to an increase in mortgage delinquency rates similar to what we ...
Eric Richison
Non-qualified use tax on primary residence
Hi all,I'm looking into the tax implication of selling my current primary residence, which I used as a rental during a 4 year stint my employer sent me abroad. I'm interested to learn if there is any exceptions to th...
Ryan Dossey
Can we turn this into a deal?
Back Story: Grandma has Alzheimer's. Her granddaughter took her in. They haven't gotten guardianship but are working on it. (cost is $400) The home had new windows, roof, and gutters installed around 10 years ago. Gra...
Wade G.
Starting my first direct mail campaign
For the first time in my life I am 100% serious about making RE a business. This is largely due to extreme stagnation at my job and a diminishing income. I have bought a few rentals over the last few years and that ...
Vlad Denisov
Utility Income&Miscellaneous Income
Let's say we have our Gross Potential Rent and we add to it Utilities and Misc. Then we have to exclude Physical Vacancy and Economic Vacancy to get to our Gross Operating Income, right? 1. What info do you use for Ut...