Brett Loetz
Will I pay ordinary income or long term capital gains?
We are selling a property we have purchased in Nov. 2018, and are scheduled to close on May 8th.We did a rehab on it, used the brrrr strategy and rented it out from June to January to a short term insurance deal that ...
Rich McCormack
Tax implications for selling an investment property for a loss
Hi BP,I bought a townhouse as my primary residence in 2006. Moved out in 2011 and converted it to a rental unit which I recently sold in 2015. My question is about how to treat the loss for tax purposes. I have a CPA ...
Mike Hoefling
Depreciating a Rental Property
As I am getting ready to do my taxes this year I started thinking about the depreciation for my rental property. I know the standard is to depreciate the rental property over 27.5 years but since I don't plan on ownin...
Michael Outar
Flipping a house with a Self Directed IRA
I am purchasing a SFR with a self-directed IRA along side a non-recourse loan. Much question is this. This home has flipping potential but I will not have enough reserves in the IRA to do all the improvements. Is ther...
Melanie Baldridge
One of the best strategies?
Real estate is one of the most tax-advantaged investment strategies out there.
Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.
Making millions a year and often paying ...
Sidra Amir
After 10 months of stay, tenant is asking to get bed bug inspection done
There was no complain of bed bugs before. Now, after 10 months of stay, tenant is asking to get bed bug inspection done. Is it my responsibility to deal with this ?
Stanley Nguyen
Tax on private lending fund
I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...
Eric Drum
Owner Financing- More than just the basics
I think I have a general understanding of owner financing. But have some more detailed questions:-If someone has a small balance on their mortgage payment and there ARV is much higher is it still possible to do owner ...
Jesse Aaron
How coorelated are Tax returns to interest rates?
Hi, I’ve been looking at potential rentals and in the process have found a home my wife and I are interested in buying for ourselves. I spoke to the realtor and feel like we don’t have to get in a big hurry because ho...
Alex Steward
MLS Question
Hi all...
Question for all real estate gurus:
Is it possible to find out how long a house been on MLS or when was the house listed on MLS. I have not been able to find that on the public MLS but I wonder if you coul...