Tony Roddenberry
Taxes on sell of property
I just sold my first flip! Was able to get a great deal on a MH and turned it for a great profit. Was all in at just under $50,000 and sold it for $75,000. Now for the sad part..... TAXES. How much should I set asid...
Gail L boucher
Looking for investments to avoid capitol gains
Greetings my name is Gail Boucher. I 70 y.o. and own a 3 family which im sick of being a landlady. I bought the house for 230 in 2007 and its worth 600 now. I dont want to buy another rental obviously but i want to av...
Roudy Hilaire
Selling my first investment property
I bought a single-family property at an auction for $430k cash in October. Two months later, someone offered me $615k for it. Can I use a 1031 exchange?
Troy P.
Capital gains on former primary / current rental
It's been difficult to find answers for this specific situation, but I was curious if anyone could answer based on their experience. I'm not looking for tax advice, but just curious how capital gains are calculated w...
Antonio Denmark
Need Help with 5 Pack Offer
Have a situation that is very complicated and need help A.S.A.P. Someone is offering to buy 5 of my rental properties for cash. I know some of you think that this is not a problem, but when you are not ...
Joe Wood
Inherited IRA Withdrawal Questions
Hey Guys,I recently inherited a traditional IRA (Non-spouse) and would appreciate additional feedback from those who are familiar with what options I would have. I am looking to pull out about $100k right now in order...
Gulliver R.
Switching from a California-based LLC to a Wyoming-based LLC
Hi All,
I’m planning on switching from a California-based LLC to a Wyoming-based LLC for my California rental property. Let me explain..
Currently I own a property in California which is owned by a California-...
Chris M.
Changing from LLC to S Corp - How does it affect taxable year?
Hey guys, so we are changing our LLC to an S Corporation for our business entity type this year. We were likely going to do this in February of this year, 2018. My questions:1. Does changing from an LLC to S Corp affe...
Richard Pince
How to Tax shield my yearly Bonus?
Hello,I am a new investor and I have a question for the BP community. This year I will receive a sizable salary bonus from my employer. Through our retirement program we have the ability to defer 100% of our bonus t...
Emmanuel Kizayilawoko
Can I do a 1031 or is there an other way to avoid capital gain
Hello friends,I am looking into selling on of my rental properties, my renter has lived there for about 2 years. By selling I’m looking to profit around $140K before taxes and notary fees etc...My question is tax rela...