I have a 450k property that has 150k of equity after sales commissions. I want to use this to buy 2-4 rentals at 70k a piece. Could I buy 2 rentals cash (140k total) with a 1031 exchange and then doing a cash out...
First post here! I have a question regarding investing in a QOZ. The capital gain I am planning to defer was from a personal account where I sold equities. Can the QOZ investment be made by subscription agreement usin...
I know an owner (very old school) who is ready to retire and liquidate his portfolio. He has a few buildings in DC valued at over $1M . He has already started to sell off some of his properties. He does not employ ...
I am trying to set up a deal whereby a few vacant lots in a subdivision are exchanged for a house of similar value. Is there a way to set this up without selling each property, but using some sort of direct swap? Pr...
I am selling my investment property through my company and what I like to know is capital gains is reported the year of the sale or 12 months from the sale? Is there a CAP on capital gains? If I reinvest the net pro...
I really want to provide my seller with some options to reduce the taxes they'll pay if they sell me their property. By helping them solve their problems, perhaps I am their first choice for the sale. Here's a quick s...
Hi - I have a home that was purchased back in 2017 ($329K) under my name since my mother didn't want to put the house under her. She has been living there and she pays the mortgage and now only have about $70K left to...
Hello everyone, I have a capital gains tax question. I purchased and flipped a house April 2014 and sold it in September for a profit. I turned around and bought another house in December and sold it in January 2015. ...
I cannot find the answer to my question. Hoping someone here will help me figure out tax consequences of this scenario: Purchase price 150KImprovements 118KDepreciation 77KSale Price 450K So my gain is 450 - (268...
I am talking to a potential seller who has approx. 20 units in the form of small multi family dwellings (duplexes to quads). With failing management and poor returns he wants to sell but doesn't want to pay taxes on ...